323 Semel Ave Garfield, NJ 07026-2125
This exceptional mixed-use property in Garfield, NJ, presents a unique investment opportunity. The building, totaling 2,400 square feet on a 0.11-acre lot, has recently undergone a complete renovation. The ground floor currently operates as a thriving sports bar, featuring ample indoor and outdoor seating areas, ideal for continued operation or conversion to another commercial use. Its prime location in the heart of Garfield ensures high visibility and convenient access to major transportation arteries, including Routes 21 and 46, maximizing its potential for attracting customers and tenants. Upstairs, a spacious and well-maintained 3-bedroom, 1.5-bathroom residential apartment offers comfortable living. This upper-level unit features hardwood floors throughout, a sizable living room, a separate dining area, and a convenient eat-in kitchen. Currently occupied by a month-to-month tenant, this provides flexibility for future occupancy arrangements. The property's blend of commercial and residential spaces creates a strong income stream and significant potential for future growth. The asking price of $850,000 reflects the property's excellent condition, prime location, and diverse income potential. This is a rare opportunity to acquire a turn-key mixed-use property in a thriving New Jersey community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.