507 Broad Ave Palisades Park, NJ 07650
Well-maintained mixed-use building with retail and apartments in Palisades Park.
Property Features for 507 Broad Ave
General Information
- Standard status
- Active
Source:
Corcoran
Listing Agency: 2WIN REALTY LLC Listing Agent: Min Hyoung Cho
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Mixed-Use Building For Sale
This commercial building for sale on Broad Avenue in Palisades Park is a 20-year-old, well-maintained property. It features one retail store, currently operating as a hair salon, and four apartments. All units have separated utilities. The location offers convenient access to transportation, with an NJ Transit bus stop in front of the building, and is within working distance of shops, restaurants, markets, and a church. The apartments are in good condition, making this a worry-free building for investors. There are six parking spaces under the building. The property includes four occupied apartments and one beauty salon. Unit A is a 1-bedroom with den and 1.5 bathrooms, while Units B, C, and D each have 2 bedrooms and 2 bathrooms. Each unit includes one parking spot under the building, a laundry room, central heat and A/C, and hardwood floors.
Location Intelligence
Current Use by Public Records
Magic Hair Studio
Hair Salon
Location Insight
- Map
- Local Demand
- City
- Palisades Park
- County
- Bergen
- State
- New Jersey
- Longitude
- -73.9946011
- Latitude
- 40.8527796
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Well-maintained mixed-use building with retail and apartments in Palisades Park.
Where is this mixed-use property located?
The property is located at 507 Broad Ave Palisades Park, NJ.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: - Income-generating property: Features a retail store (hair salon) and 4 apartments, providing a diversified income stream.; - Prime location on Broad Ave in Palisades Park, with a NJ Transit bus stop directly in front. Walking distance to shops, restaurants, markets, and a church.; - Separate utilities: Each unit (retail and apartments) has separated utilities, simplifying management and tenant billing.
