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Financial
Distress signals
Property profile

283 Parker Ave Clifton, NJ 07011

OFF-MARKET
Bars & Pubs
Property ID
US59-1279389
5,932 SF 0.06 ac lot Built 1908
Last sale Feb 1989 · $260,000
Individually Owned Owner of record is an individual. 37-yr Hold Held for 37 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 1,650-square-foot commercial restaurant space located in Botany Village, Clifton, New Jersey, which was historically operated as Palenque Bar & Grill and is configured for Mexican restaurant use. The unit is described as containing built-in operational components including appliances, furniture, and fixtures. Certain business-related items, such as the brand name and artwork, are managed by the business owner rather than the real property. A liquor license is not included as…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$18k
Tax billed · 2022
Assessed value · 2023$319k
Assessed land$55k
Assessed improvement$264k
Effective rate5.71%

Value estimate

· Oct 2026
$390k
$351k – $429k
AI approach$390k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
PD-1
The purpose of the PD-1 zone is to establish areas for Stores and retail shops, Service establishments Business and professional offices
General categoryPLANNED_DEVELOPMENT
JurisdictionPASSAIC

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility12.9
Veterinary Clinic9.0
Watch Repair Shop8.1

Location

283 Parker Ave Clifton, NJ 07011-1457
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 17 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
584 Lexington, Clifton, NJ 07011 $2,300,000 Jul 2025 6,031 SF
485 Crooks, Clifton, NJ 07011-2151 $800,000 Jun 2021 2,004 SF
194 Lakeview, Clifton, NJ 07011-4017 $249,900 Jun 2020 2,571 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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