1950 Greenwood Lk Tpke Hewitt, NJ 07421-3040

Property Details for 1950 Greenwood Lk Tpke

Year built

1955

Lot size

0.52 lot acres

Property type

Commercial real estate

APN

15 03611-0000-00014

APU

1503611000000014

Description

This exceptional mixed-use property, located at 1950 Greenwood Lake Turnpike in West Milford, New Jersey, presents a compelling investment opportunity. The 8,300 square foot building, constructed in 1955, is currently 80% occupied and zoned R-1. The property features a thriving dental office with two restrooms and additional office space, complemented by four residential apartments – three two-bedroom units and one three-bedroom unit. All units are currently leased, providing immediate and consistent cash flow. The property boasts ample parking, with a ratio of 1.81 spaces per 1,000 square feet, exceeding typical requirements. Its desirable location offers a picturesque lakeside setting, convenient access to public transportation, and proximity to a variety of amenities including restaurants, shops, and grocery stores. Furthermore, its strategic location provides easy access to major roadways such as Routes 287, 23, and NJ-94, enhancing its appeal to both tenants and businesses. This fully leased, mixed-use property in Passaic County, New Jersey, presents a rare opportunity to acquire a stable and income-generating asset in a highly desirable location. The property's blend of medical office and residential components offers diversification and potential for future growth. The existing tenant base provides a strong foundation for continued success. This is an ideal investment for those seeking a turnkey property with immediate returns and long-term potential. The property is situated in zip code 07421.