614 Pompton Ave Cedar Grove, NJ 07009
For Sale
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B Retail Shopping Zone (no minimum lot size). The B Zone is intended for the conduct of general business which supplies the basic current family needs, including but not limited to such retail stores as drug, food, clothing and hardware and, in addition, such other uses as theaters and restaurants. In addition, it is the intent of this zone to promote the de…
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
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Property description
Physical attributes from public recordsZoning & alternative use
B · Cedar Grove, NJB Retail Shopping Zone (no minimum lot size). The B Zone is intended for the conduct of general business which supplies the basic current family needs, including but not limited to such retail stores as drug, food, clothing and hardware and, in addition, such other uses as theaters and restaurants. In addition, it is the intent of this zone to promote the development of the central shopping district with ample off-street parking and to encourage the tendency of retail commercial development to concentrate, to the mutual advantage of both consumers and merchants, for the convenience, ease and safety of the public and thus to strengthen the economic base of the Township. L. RC Restricted Commercial Zone. The RC Zone is located in several different areas on both sides of Pompton Avenue. The zone is designated for nonresidential uses limited in a manner intended not to adversely affect the development and vitality of the B District as a well-defined central shopping area. The permitted uses in the RC Zone are designed to encourage the development of the land in the district primarily for retail uses, with additional provisions for professional and business offices, recreational uses, and commercial schools. In addition, the zoning will permit special commercial-type uses, without area limitations, that may attract considerable traffic and parking to locations away from the congestion of the general retail trade area where such uses can be accommodated in beneficial relation to one another. M. M-1 and M-2 Office/Warehouse Zones. It is the intent of these zones to provide for light manufacturing and warehouse uses while at the same time permitting development of professional and/or business offices, whether as accessory or principal uses. District standards for the height and size of buildings and the area and dimensions of yards and open spaces are intended to minimize the effect of such sites being adjacent to residential areas and to minimize noise, glare, air pollution, water pollution and fire and safety hazards. The basic distinction between the M-1 and the M-2 Zones is that the M-2 Zones are composed of large areas of land where campus-style development is encouraged on lots larger than that required for the M-1 Zones. N. GF Government Facilities Zone (no minimum lot size). The GF Zone provides for uses pertinent to the various agencies of federal, state, county, and/or municipal government including facilities such as offices, libraries, United States Postal Service, utility installations, public works garages, and storage buildings. O.
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.