Retail Storefront with
504 Washington Ave Belleville, NJ 07109
504 Washington Ave, Belleville, NJ, 07109
$475,000
For Sale
$475,000
Approximate 1,000 sq. ft. block retail store with central air, gas forced-air heat, and side paved parking.
Property Size1,000 SF
Price / SF$475
Days on Market101
Property Features for 504 Washington Ave
General Information
- Standard status
- Active
- Size
- 1,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing agency
COCCIA REALTY BHGRE
(201) 997-7000
Listed by
JAN R KWAPNIEWSKI
Source
Corcoran
Added: Apr 13 Updated: Jul 21 at 1:35AM Checked: Jul 21 at 1:35AM
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 COCCIA REALTY BHGRE
Investment Insights
Based on property information with market context.
A tenant-occupied block retail store on a level lot measuring 50 by 125. The building offers two large, open rooms plus a half bath. Mechanical features include gas forced-air heat and central air, with a flat roof. Paved parking is provided on the side, along with a rear and side yard that currently includes a bocce court, patio, and koi pond.
The property is located on busy Washington Ave in the BG Zone and is described as high-traffic, next to businesses including Taco Bell, AutoZone, and an urgent care. The listing notes it is not in a flood zone.
With proper approvals, the site may support an addition or redevelopment, including potential retail and residential apartments above, subject to municipal approvals and variances.
The property is located on busy Washington Ave in the BG Zone and is described as high-traffic, next to businesses including Taco Bell, AutoZone, and an urgent care. The listing notes it is not in a flood zone.
With proper approvals, the site may support an addition or redevelopment, including potential retail and residential apartments above, subject to municipal approvals and variances.
Key Highlights
- Approx. 1,000 sq ft block retail store built in 1940 on a 50 x 125 level lot
- Currently tenant occupied on a month‑to‑month lease at $2,500 per month
- Features gas forced‑air heat, central air, flat roof, and side paved parking
Local Financial Insights For 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 | $21.6k | $21.60 |
| − Vacancy | −$1.2k | −$1.21 |
| EGI | $20.4k | $20.39 |
| − OpEx | −$6.1k | −$6.12 |
| NOI | $14.3k | $14.27 |
1,000 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$203.9K
$178.4K – $237.9K
NOI $14,273 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.1K
$228.5K – $304.6K
NOI $18,278 @ 7.0% cap · market cap 3.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Essex Cigar
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- SR FLOWER SHOP — 445 Washington Ave, Belleville, NJ 07109
- Easter Flowers — 275 River Rd, North Arlington, NJ 07031
- Eva's Flowers and Gifts — 91 Mary St #2364, Belleville, NJ 07109
FAQs
What type of property is this?
Storefront property - Approximate 1,000 sq. ft. block retail store with central air, gas forced-air heat, and side paved parking.
Where is this storefront property located?
The property is located at 504 Washington Ave Belleville, NJ.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Approx. 1,000 sq ft block retail store built in 1940 on a 50 x 125 level lot; Currently tenant occupied on a month‑to‑month lease at $2,500 per month; Features gas forced‑air heat, central air, flat roof, and side paved parking
