37 Palisade Ave Englewood, NJ 07631-2901
- Commercial real estate
- 5,872 SF
- 0.11 lot acres
Mar 24, 2023
Current Use by Public Records
- Davari Jewelry Inc. / (Bike/Boat/Book/etc) Store
Property Details for 37 Palisade Ave
- Construction
- FRAME
- Lot size
- 0.11 lot acres
- Property size
- 5,872 SF
- Zone code
- CBD1
- Property type
- Commercial real estate
- APN
- 15 01208-0000-00016- 01
- APU
- 150120800000001601
Description
This exceptional business opportunity presents a thriving jewelry store located at 37 E Palisade Avenue in the vibrant city of Englewood, New Jersey. Situated on a high-traffic section of E Palisade Avenue, this ground-level showroom benefits from excellent street exposure amongst specialty shops, cafes, and restaurants. The space has recently undergone a complete renovation, resulting in a modern and appealing retail environment. The sale includes all fixtures and equipment necessary for immediate operation, encompassing showroom floor and wall displays, furniture, a secure safe, and specialized jewelry-making tools such as a laser welder, grinder, and steam cleaner. A comprehensive security system, complete with cameras and a security gate, ensures the safety of inventory and clientele. The business boasts a stellar 4.9-star Google rating and a loyal, established customer base. Furthermore, the sale includes existing marketing materials and social media presence. The current owner will provide comprehensive training for a smooth transition, lasting approximately four to six weeks. The owner's relocation out of state presents this unique opportunity for a qualified buyer to acquire a well-established and profitable business in a desirable location. The asking price is $275,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,530,000
- ML approach
- $1,650,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,365,000
- 6.5%
- $1,260,000
- 7%
- $1,170,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $938,000
Market price range: $351k - $1.35M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,155,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $1,930,000 Change: -11% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Englewood
- County
- Bergen
- State
- New Jersey
- Longitude
- -73.9736
- Latitude
- 40.8935
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA