Mixed-Use Building For
For Sale
$2,700,000
507 Broad, Palisades Park, NJ 07650
Well-maintained mixed-use building with retail and apartments in Palisades Park.
Property SizeContact for details
Days on Market169
Property Features for 507 Broad
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$33,217
Amenities
Central Air Heating
Gas Heating
Listing Agency:
2WIN REALTY LLC
(201) 720-9000
Listed By:
MIN HYOUNG CHO
Source:
Corcoran
Added: Mar 5
Changed: Aug 21
Last Checked: Aug 21 at 8:26AM
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 2WIN REALTY LLC
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,586
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
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 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.
