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Mixed-Use Property with Retail
New
For Lease
$2,450,000

1626 Palisade Avenue, Fort Lee, NJ 07024

The building includes storefronts, offices, and an apartment in a downtown setting.

Space SizeContact for details
Days on Market7

Property Features for 1626 Palisade Avenue

General Information

Standard status Active
Total Parking Spaces 7
Property subtype Retail

Additional Details

Sprinkler System Yes

Taxes and HOA fees

Annual Taxes $23,316

Amenities

separate HVAC
Listing Agency: Alpine MC Realty LLC
Listed By: Woo H. Choi
Source: Serhant
Added: Oct 18 Changed: Oct 23 Last Checked: Oct 23 at 2:12PM

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 Alpine MC Realty LLC

Rey
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Investment Insights

Based on property information with market context.

This Fort Lee mixed-use property contains two retail stores, two offices, and one apartment. Building features include separate HVAC systems and a sprinkler system, and the property has undergone updates.

Parking is available at both the front and rear of the property. The surrounding downtown area includes high-rise developments, restaurants, retail shops, and schools.

Key Highlights

  • Two retail stores, two offices, and one apartment
  • Separate HVAC systems and a sprinkler system
  • Parking available at the front and rear of the property

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Auto Parts Store Barber Shop Furniture & Home Goods Discount Store Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Sprinkler system
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,378
Businesses Nearby
143k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 61% Shops & Services 37% Beauty & Spa 1%
McDonald's Dining
30,598 visits/mo 0.5 miles
Paris Baguette Dining
22,490 visits/mo 0.2 miles
Starbucks Dining
15,688 visits/mo 0.0 miles
Citibank Shops & Services
14,931 visits/mo 0.3 miles
Sunoco Shops & Services
14,809 visits/mo 0.5 miles

Demographics for 07024, NJ

40,171
Population
19,748
Households
2
Avg Household Size
46
Median Age
65%
College-Educated
95%
High-School Grad
2.5 sq mi
ZIP Area
16,068
Density / Sq Mi
$105,594
Median Household Income
$71,008
Median Earnings
$2,257
Median Rent
$422,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The building includes storefronts, offices, and an apartment in a downtown setting.
Where is this mixed-use property located?
The property is located at 1626 Palisade Avenue Fort Lee, NJ.
What is the lease rate?
The lease rate is $2,450,000.
What are key features of this property?
This property features: Two retail stores, two offices, and one apartment; Separate HVAC systems and a sprinkler system; Parking available at the front and rear of the property
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