Mixed-Use Property with Liquor
142 - 146 DIVISION AVE Unit 1 Garfield, NJ 07026
142 - 146 DIVISION AVE Unit 1, Garfield, NJ, 07026
$925,000
For Sale
$925,000
Mixed-use building with a liquor store/bar, plus a separate-entry second-floor 3-bedroom apartment.
Property Size2,826 SF
Price / SF$327.32
Days on Market197
Property Features for 142 - 146 DIVISION AVE Unit 1
General Information
- Standard status
- Active
- Size
- 2,826 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1920
Listing agency
JK REALTY
(973) 472-7000
Listed by
JOSEPH SIANO
Source
Xome
Added: Jan 7 Updated: Jul 22 at 12:35PM Checked: Jul 22 at 12:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JK REALTY
Investment Insights
Based on property information with market context.
This for-sale mixed-use property includes two separate lots and multiple existing income sources. The main building contains a commercial liquor store/bar with a utility room, bathroom, den, and a full basement for additional storage. A separate-entrance second-floor apartment offers three bedrooms, an eat-in kitchen, a full bath, and a living/dining area.
The offering also includes a detached two-car garage that currently provides rental income, along with ample off-street parking for both commercial and residential use. In addition, there is an adjacent vacant lot described as zoned for multi-use, presenting an opportunity for expansion or development.
A note in the remarks indicates that building square footage is estimated, and inventory associated with the business would be paid for separately at closing, with terms potentially negotiable with a suitable offer.
The offering also includes a detached two-car garage that currently provides rental income, along with ample off-street parking for both commercial and residential use. In addition, there is an adjacent vacant lot described as zoned for multi-use, presenting an opportunity for expansion or development.
A note in the remarks indicates that building square footage is estimated, and inventory associated with the business would be paid for separately at closing, with terms potentially negotiable with a suitable offer.
Key Highlights
- Mixed‑use property package at 142–146 Division Ave in Garfield with a liquor store/bar and a separate‑entry 3‑bedroom apartment
- Commercial space includes a utility room, bathroom, den, and full basement for storage
- Second‑floor apartment has a separate entrance with an eat‑in kitchen, full bath, and living/dining area
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.0k | $21.60 |
| − Vacancy | −$3.4k | −$1.21 |
| EGI | $57.6k | $20.39 |
| − OpEx | −$14.4k | −$5.10 |
| NOI | $43.2k | $15.29 |
2,826 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$617.4K
$540.2K – $720.3K
NOI $43,217 @ 7.0% cap · market cap 4.67%
Second Best
Mixed Use
$563.2K
$492.8K – $657.1K
NOI $39,423 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$737.9K
$645.7K – $860.9K
NOI $51,655 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with a liquor store/bar, plus a separate-entry second-floor 3-bedroom apartment.
Where is this mixed-use property located?
The property is located at 142 - 146 DIVISION AVE Unit 1 Garfield, NJ.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Mixed‑use property package at 142–146 Division Ave in Garfield with a liquor store/bar and a separate‑entry 3‑bedroom apartment; Commercial space includes a utility room, bathroom, den, and full basement for storage; Second‑floor apartment has a separate entrance with an eat‑in kitchen, full bath, and living/dining area
