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    272 Broadway Elmwood Park, NJ 07407

    For Sale
    $50,000

    Prime NJ Office & Retail Opportunity. $50,000.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Elmwood Park, New Jersey property, located at 272 Broadway, zip code 07407, presents a unique investment opportunity. Currently configured as a fully-equipped hair salon, this versatile space offers approximately 1,000 square feet (exact square footage to be verified independently) and is ideally suited for a variety of uses, including executive office space and retail. The property features two hair styling stations, each complete with comfortable chairs and ample storage, installed in 2019. Two shampoo sinks, three professional-grade hair dryers, and two standing hair dryers, all installed in 2019, enhance the salon's efficiency. A convenient washer and dryer (2019 installation) ensures a clean and professional environment. A bonus room provides additional space for waxing, eyebrow grooming, or other spa treatments. The building's year of construction is unavailable. This turnkey operation is priced affordably at $50,000, offering significant potential for return on investment. The property's location in Bergen County, New Jersey, provides excellent access to major transportation routes and a thriving local community. Serious inquiries only. Buyer to verify all information independently.

    Property Features for 272 Broadway

    General Information

    Property type
    Individual retail properties
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mahoganys LLC Beauty Salon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elmwood Park
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.1176738
    Latitude
    40.9208503

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    FAQs

    What type of property is this?
    Individual retail property - Prime NJ Office & Retail Opportunity. $50,000.
    Where is this individual retail property located?
    The property is located at 272 Broadway Elmwood Park, NJ.
    What is the asking price?
    The asking price for this property is $50,000.
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    272 Broadway Elmwood Park, NJ 07407
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    Elmwood Park, NJ 07407
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    272 Broadway Elmwood Park, NJ 07407
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