Property profile

37 Palisade Ave Englewood, NJ 07631

OFF-MARKET
Commercial real estate
Property ID
US59-2138377
5,872 SF 0.11 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Total area 5,872 SF
Lot 0.11 ac (5,001 SF)
Zoning code CBD1
APN 15 01208-0000-00016- 01
UPID US59-2138377

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

37 Palisade Ave Englewood, NJ 07631-2901
Englewood metro Census 15401 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.65M
CAP Approach CAP
$1.26M
Comparable Approach Comparable
$939k
Blend (final) Blend
$1.53M

Owner & transaction history

since 2023
Last sale
$1.4M
4 recorded transactions
2024
Price N/A
2023
$1.4M
2018
Price N/A
2017
Price N/A

Zoning & alternative use

CBD1 · Englewood, NJ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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