198 Market St Elmwood Park, NJ 07407-1421

Exceptional investment opportunity: This three-unit strip mall, totaling 3,800 square feet, is situated on a 7,500 square foot lot (51x150) in Elmwood Park, New Jersey's vibrant downtown area at 198 Market St, 07407. Built in 1940 and renovated in 2021, the property boasts 100% occupancy with three retail units, each approximately 1,000 square feet. The property features 12 convenient rear parking spaces, ensuring easy customer access. Its prime location on a high-traffic road provides excellent visibility and accessibility to major roadways including Route 80, Route 46, and the Garden State Parkway. The strong rental history contributes to a stable net operating income (NOI) of $56,104, based on a gross income of $73,800 and expenses of $17,696. This single-story building is zoned for commercial use and presents a compelling opportunity for investors seeking a well-maintained, high-traffic retail property in a thriving New Jersey market. The asking price is $875,000.