316 Palisade Ave Bogota, NJ 07603
- Commercial real estate
- 1,408 SF
- 0.09 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 316 Palisade Ave
- Year built
- 1925
- Construction
- FRAME
- Lot size
- 0.09 lot acres
- Property size
- 1,408 SF
- Zone code
- R2
- Property type
- Commercial real estate
- APN
- 04 00040-0000-00014
- APU
- 400040000000014
Description
This exceptional investment opportunity presents a unique property located at 316 Palisade Avenue in Bogota, New Jersey. Priced at $789,000, this property offers significant potential for a discerning buyer. While the square footage is not currently specified, the property's location in Bogota, NJ, offers a strategic advantage within a vibrant and growing community. The property type is classified as "Other," suggesting a versatile use case that could accommodate a variety of commercial ventures. The absence of acreage information indicates a likely smaller footprint, potentially ideal for a boutique business or specialized commercial use. Further investigation into the property's zoning and permitted uses is recommended to fully explore its development potential. Given the attractive price point and the dynamic nature of the Bogota market, this property represents a compelling investment prospect for those seeking a unique commercial asset with considerable upside. Serious inquiries are encouraged to conduct due diligence and assess the property's suitability for their specific business needs. The property's address, 316 Palisade Avenue, provides easy access to local amenities and transportation networks, further enhancing its appeal. This is a chance to acquire a well-positioned commercial property in a desirable New Jersey location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $625,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $575,000
- 6.5%
- $590,000
- 7%
- $620,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $670,000
- Geo Method
- $590,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $605,000
- Retail
- $585,000
- Mixed-Use
- $580,000
- Hospitality
- $540,000
- Educational
- $630,000
- Residential Income
- $510,000
- Energy
- $535,000
- Income-Based Land
- $685,000
- Food Service
- $605,000
Location Insight
- Map
- Local Demand
- City
- Bogota
- County
- Bergen
- State
- New Jersey
- Longitude
- -74.0256
- Latitude
- 40.8765
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
