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Mixed-Use Property with Retail
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1626 Palisade Avenue, Fort Lee, NJ 07024

The building combines retail storefronts, office space, and a residential apartment with separate HVAC systems.

Property SizeContact for details
Days on Market5

Property Features for 1626 Palisade Avenue

General Information

Standard status Active
Property subtype Commercial
Net Operating Income $91,158

Additional Details

Sprinkler System Yes
Listing Agency: Alpine MC Realty LLC
Listed By: Woo Choi
Source: Capmarkrealty
Added: Oct 20 Changed: Oct 22 Last Checked: Oct 23 at 4:08AM

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

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Investment Insights

Based on property information with market context.

This Fort Lee mixed-use building contains two retail stores, two offices, and one apartment. Separate HVAC systems serve the property, which also has a sprinkler system and parking areas at both the front and rear.

The property is in downtown Fort Lee, amid high-rise development, restaurants, retail businesses, and schools.

Key Highlights

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

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Retail space

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

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 combines retail storefronts, office space, and a residential apartment with separate HVAC systems.
Where is this mixed-use property located?
The property is located at 1626 Palisade Avenue Fort Lee, NJ.
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 areas at the front and rear
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