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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

152 Main St & Hillcrest Ter Lincoln Park, NJ 07035

3,510 SF 1.36 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 3,510 square foot retail space, formerly a Bank of America branch, presents a unique redevelopment or end-user opportunity in the thriving Lincoln Park, New Jersey market. Located at 152 Main Street & Hillcrest Terrace, 07035, this vacant property sits on a 1.36-acre lot and offers significant potential. The property benefits from its strategic location near major retailers including Walgreens, CVS, ShopRite, McDonald's, Dunkin', Babakoto's Burritos, and Jersey Mike's, ensuring high visibility and foot traffic. Furthermore, the property enjoys excellent accessibility with high traffic counts of 9,201 ADT along Main Street and 12,908 ADT on Boonton Turnpike. This prime location within Morris County offers easy access to a dense residential population and a strong commercial corridor. The property will be sold through a modified bid process with a deadline of August 26, 2024. An open house is scheduled for August 15, 2024, from 11:30 AM to 1:30 PM, providing a chance to view this remarkable opportunity firsthand. Don't miss this chance to acquire a highly visible and well-located retail space in a bustling New Jersey community. Further details are available online.

Property profile
Verified
Property type Retail properties & Spaces
Total area 3,510 SF
Lot 1.36 ac (59,242 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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