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Freestanding Office Building
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40 Broad Ave Fl 2, Palisades Park, NJ 07650

Renovated three-level commercial property with central HVAC, updated electrical systems, and dedicated on-site parking.

Property Size4,500 SF
Price / SF$0.78
Days on Market42

Property Features for 40 Broad Ave Fl 2

General Information

Standard status Active
Size 4,500 SF
Total Parking Spaces 7
Property subtype Commercial

Site & Location

Corner Location Yes
Road Access Yes

Building Details

Year Built 1990
Year Renovated 2018
Buildings 1
Stories 3
Listing Agency: RE/MAX Fortune Properties
Listed By: Kenneth Koh (201) 562-7300
Source: Thepaulaclarkgroup
Added: Jul 20 Changed: Aug 29 Last Checked: Aug 25 at 8:01AM

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 freestanding office building offers approximately 4,500 square feet across three levels, with about 1,500 square feet on each floor. Constructed in 1990, the property has been maintained and underwent a comprehensive renovation in 2018. Improvements included central air conditioning, heating, electrical systems, and windows, supporting immediate occupancy.

The property includes 7 dedicated on-site parking spaces and is positioned at the intersection of Broad Ave and Rt 46 in Palisades Park, New Jersey. Its multi-level layout and updated building systems provide flexible office space for an owner-user or investor.

Key Highlights

  • Approximately 4,500 square feet across three floors
  • About 1,500 square feet per floor
  • 2018 renovation included HVAC, electrical systems, and windows

Property Analytics

Current Use

ESL Academy Inc Language School

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Store Pet Store & Service Fish Market Clothing & Fashion 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
Paved road access

Location Intelligence

Trade Area within ½ mile

1,783
Businesses Nearby

Demographics for 07650, NJ

20,292
Population
7,612
Households
2.7
Avg Household Size
40
Median Age
54%
College-Educated
90%
High-School Grad
1.2 sq mi
ZIP Area
16,910
Density / Sq Mi
$101,295
Median Household Income
$50,817
Median Earnings
$1,976
Median Rent
$704,400
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Renovated three-level commercial property with central HVAC, updated electrical systems, and dedicated on-site parking.
Where is this office building located?
The property is located at 40 Broad Ave Fl 2 Palisades Park, NJ.
What are key features of this property?
This property features: Approximately 4,500 square feet across three floors; About 1,500 square feet per floor; 2018 renovation included HVAC, electrical systems, and windows
More about this property
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