332 Lafayette Ave Hawthorne, NJ 07506-2506
B-2 Central Business District Zone. The following regulations shall apply in the B-2 Zone: A. Permitted uses. The following uses shall be permitted in the B-2 Zone: (1) In districts zoned B-2 Central Business, no building shall be used and no building shall be erected or altered which is arranged, intended or designed to be used except for general retail, pe…
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
B-2 · Hawthorne, NJB-2 Central Business District Zone. The following regulations shall apply in the B-2 Zone: A. Permitted uses. The following uses shall be permitted in the B-2 Zone: (1) In districts zoned B-2 Central Business, no building shall be used and no building shall be erected or altered which is arranged, intended or designed to be used except for general retail, personal service, amusement and recreation or cultural facilities and establishments consistent with the B-1 Zone and not otherwise prohibited by any section of this chapter and wherein the principal activity shall be the sale on the premises to the ultimate consumer of goods, commodities, services or the furnishing of facilities. (2) Residential development above storefronts subject to the requirements of § 540-162E . (3) No use permitted in a B-1 Zone District shall be excluded from a B-2 Zone District, including R-2 uses in the same manner permitted within the B-1 Zone District. B. Prohibited uses. In addition to all uses prohibited in business zone districts or prohibited throughout the Borough of Hawthorne, and all uses patently not permitted by, or the same or similar to uses permitted by § 540-161 , any use involving the sale, servicing, repairing of automobiles, trucks or other motor vehicles and drive-through eating establishments shall not be considered a permitted use in a B-2 Zone District. C. The permitted hours of operation for food stores and pharmacies are 6:00 a.m. to 12:00 midnight. For restaurants, the permitted hours are 6:00 a.m. to 12:00 midnight, or as permitted by the liquor license for the premises. All other uses are permitted to operate 6:00 a.m. to 11:00 p.m. Nothing herein shall preclude the reviewing board hearing any application from establishing more restrictive hours of operations, based upon the nature of the proposed business operations and other facts and circumstances considered by the board. D. Notwithstanding anything to the contrary in this chapter, there shall be no requirement for any business operating in the B-2 Central Business Zoning District to provide for off-street parking for any permitted use hereunder except for residential development as required pursuant to Article XVIII , Parking and Loading. Any reviewing Board may nevertheless review and plan submitted for off-street parking in terms of safety and circulation and impose restrictions or conditions in accordance with such review. E. Residential units above commercial uses.
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.