323 Semel Ave - Storefront Retail/Residential FOR SALE


Garfield, NJ 07026
$850,000 USD
973-332-3396
323 Semel Ave, Garfield, NJ for Sale
$850,000 USD
Storefront Retail/Residential - FOR SALE
1/33
null | 7.34% Cap Rate

323 Semel Ave
Garfield, NJ 07026


HIGHLIGHTS

  • Potential for multiple income streams from commercial and residential components
  • Potential value-add opportunity through improvements, repositioning, or leasing strategies
  • Flexible opportunity for an investor, business operator, or buyer seeking a mixed-use asset

OVERVIEW

Excellent opportunity to own a mixed-use property in Garfield featuring a first-floor bar/restaurant space and a three-bedroom residential apartment on the second floor. The commercial space offers an opportunity for an owner-user or new operator, while the residential unit provides additional income potential. The liquor license is available for purchase separately and is not included in the sale of the real estate. This allows a purchaser flexibility to acquire the building independently or pursue the liquor license separately. Conveniently located in Garfield with access to local businesses, residential neighborhoods, public transportation, and major North Jersey roadways. A versatile property offering both commercial and residential components in an established Bergen County market.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$170 USD /SF

CAP RATE

7.34%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1918

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

R2

APN/PARCEL ID

21-00170-02-00021

ASK ABOUT THIS PROPERTY

Zvonko VeskovNJ Homes and EstatesMore Info
973-332-3396

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Zvonko VeskovNJ Homes and EstatesMore Info
973-332-3396

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.