555 Anderson Ave Cliffside Park, NJ 07010
Two-level mixed-use building with restaurant and apartment in prime location.
Property Features for 555 Anderson Ave
General Information
- Standard status
- Active
Source:
Corcoran
Listing Agency: REALTY 7, LLC Listing Agent: Vincent Lee
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Downtown Mixed-Use Investment Opportunity
This two-level mixed-use building is located in the heart of the downtown business district. The first floor features a restaurant space of approximately 1,650 square feet. The second floor includes a 2-bedroom apartment of approximately 1,100 square feet with a private rear deck. The gross annual income is $87,000, derived from monthly rents of $5,500 and $1,750. Operating expenses amount to $13,263. The cap rate is 7.12%. Tenants are responsible for all utilities, including heating, gas, electric, and water. The roof was replaced 3 years ago. The restaurant space can be delivered vacant upon closing. This property presents an investment or owner-user opportunity.
Location Intelligence
Current Use by Public Records
Hakki Baba Turkish ...
Restaurant
Location Insight
- Map
- Local Demand
- City
- Cliffside Park
- County
- Bergen
- State
- New Jersey
- Longitude
- -73.9895176
- Latitude
- 40.8233479
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two-level mixed-use building with restaurant and apartment in prime location.
Where is this mixed-use property located?
The property is located at 555 Anderson Ave Cliffside Park, NJ.
What is the asking price?
The asking price for this property is $1,035,000.
What are key features of this property?
This property features: - Prime downtown location in the heart of the business district.; - Strong gross annual income of $87,000.; - Attractive cap rate of 7.12%.
