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Property profile & analytics
FOR LEASE
Commercial real estate

1398 Liberty Ave Hillside, NJ 07205

0.2 ac lot Built 1952
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US59-1758653
Property summary
AI-generated overview

This exceptional 4,750 square foot storefront property, located at 1398 Liberty Avenue in Hillside, New Jersey, presents a lucrative investment opportunity. Situated on a 0.2-acre corner lot at a four-way traffic light intersection, this retail space boasts excellent visibility and accessibility. The building features a wet sprinkler system and ample parking for 10 vehicles (1.69 spaces per 1,000 sq ft). The property is zoned RC (Retail Store) and offers significant frontage on both Liberty Street (83 feet) and Hillside Avenue (36 feet). Its strategic location offers unparalleled convenience, being just one mile from I-78, two miles from the Garden State Parkway, and five miles from the New Jersey Turnpike. Across the street from Hillside Municipal buildings, this property benefits from high daily traffic and strong local presence. The 2022 property taxes were $22,745.24. This is a rare opportunity to acquire a well-positioned retail space in a thriving New Jersey community. The property is identified as Block 603, Lot 25.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1952
Construction TYPE NOT SPECIFIED
Lot 0.2 ac (8,516 SF)
Zoning code RC
APN 07 00603-0000-00025
UPID US59-1758653
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
AI Approach AI
$775k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$775k
Owner & transaction history
Virgos Paradise Restaurant LLC · 1 yrs held
Virgos Paradise Restaurant LLC
since 2024
Last sale
$775,000
4 recorded transactions
2024
$775,000
2021
Price N/A
2021
$550,000
1993
$75,000
Zoning & alternative use
RC · Hillside, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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