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Off Market
1/7

121-125 Chestnut St
Roselle Park, NJ 07204


HIGHLIGHTS

  • Located in Downtown Roselle Park
  • Walking Distance to Train
  • Five Minutes from Parkway and Ten Minutes from Turnpike

OVERVIEW

Marcus & Millichap is proud to exclusively list for sale a three tenant mix-use property located in Roselle Park, New Jersey. The property consists of two retail units and one three bed room apartment with over eight spaces in the parking lot. The nail salon has been in the same location for 17 years. The nail salon pay for 1/3 of the water and sewer expense of the building. The seller is willing to sign a short term lease to transition for a new tenant. The three bed room apartment tenant is paying 15% to 20% below market. Roselle Park does not have rent control , thus allowing significant upside in increasing cash flow. The tenants are responsible for their own utilities expenses. The building is located in downtown Roselle Park, with close proximity to Garden State Parkway, New Jersey Turnpike, Interstate 78, Roselle Park train station. There are restaurants and shopping a few blocks away. The price of $650,000 represents an 8.67% cap rate.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

-

BUILDING DETAILS

PROPERTY NAME

121 Chestnut St

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

5750

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

-

APN/PARCEL ID

15-00909-0000-00001