Retail Building on High
26 Columbia Palisades Park, NJ 07650
26 Columbia, Palisades Park, NJ, 07650
$1,300,000
For Sale
$1,300,000
Free-standing retail building with full basement in high-traffic area.
Property Size4,000 SF
Price / SF$325
Days on Market98
Property Features for 26 Columbia
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Commercial
Listing agency
RE/MAX FORTUNE PROPERTIES
(201) 816-8889
Listed by
SHIN CHUNG · License #10401202970
Source
Corcoran
Added: Apr 16 Updated: Jul 10 at 3:55PM Checked: Jul 22 at 7:59AM
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 RE/MAX FORTUNE PROPERTIES
Investment Insights
Based on property information with market context.
This free-standing building is situated in a high-traffic area, offering excellent exposure. The property is currently occupied by a deli, bagel, and pizzeria shop. The current lease extends until April 1, 2028, with a current rent of $6,190 per month as of 2026. The landlord is responsible for property taxes. The building features 2,000 square feet of space, complemented by a 2,000-square-foot full basement. This property is suitable for restaurants, grocery and convenience stores, and other retail purposes.
Key Highlights
- High traffic location with excellent exposure
- Current tenant in place as a deli/bagel/pizzeria shop
- Lease in place until 4/1/2028 providing immediate income
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 | $86.4k | $21.60 |
| − Vacancy | −$4.8k | −$1.21 |
| EGI | $81.6k | $20.39 |
| − OpEx | −$20.4k | −$5.10 |
| NOI | $61.2k | $15.29 |
4,000 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$873.9K
$764.6K – $1.02M
NOI $61,171 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$913.9K – $1.22M
NOI $73,114 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
K Pizza
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- JINGOGAE — 248 Broad Ave, Palisades Park, NJ 07650
- Eunhasoo Catering ㅣ 은하수 잔치 — 306 Broad Ave, Palisades Park, NJ 07650
- Amal Tov Catering and Events — 1061 Harvard Pl, Fort Lee, NJ 07024
- 뉴저지 도시락 집밥 델리버리 — 506 broad ave, ridgefield, nj 07657
- Jeon Ju Jan Chi Jip (전주잔치집) — 200 Broad Ave, Palisades Park, NJ 07650
FAQs
What type of property is this?
Restaurant - Free-standing retail building with full basement in high-traffic area.
Where is this restaurant located?
The property is located at 26 Columbia Palisades Park, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: High traffic location with excellent exposure; Current tenant in place as a deli/bagel/pizzeria shop; Lease in place until 4/1/2028 providing immediate income
