471-491 Lafayette Ave - Auto Dealership FOR SALE


Hawthorne, NJ 07506
$5,250,000 USD
201-606-1373
471-491 Lafayette Ave, Hawthorne, NJ for Sale
$5,250,000 USD
Auto Dealership - FOR SALE
1/9
null | Request Cap Rate

471-491 Lafayette Ave
Hawthorne, NJ 07506


HIGHLIGHTS

  • Adopted Redevelopment plan.
  • Multiple Frontages.
  • Established Commercial Location.

OVERVIEW

Rare redevelopment opportunity at 471–491 Lafayette Avenue in Hawthorne, NJ. This 2.27+/- acre property totals approximately 98,881+/- SF and spans two sub-areas with more than a block of Lafayette Avenue frontage. An adopted Redevelopment Plan is in place, establishing a framework for future use with opportunities for senior residential on one tract and mixed-use residential development with a ground-floor commercial component on the second tract. The plan provides for up to 60 residential units, subject to compliance with the plan, applicable regulations and required municipal approvals. Formerly home to the original Hawthorne Chevrolet, the property offers significant scale, visibility and long-term potential in an established commercial location. An opportunity to acquire a prominent Lafayette Avenue property with an adopted municipal framework and the scale to support a meaningful future project.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$361 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.27 AC

LAND SF

98,881 SF

ZONING

Mixed Use

APN/PARCEL ID

04-00132-0000-00001,04-00132-0000-00004

ASK ABOUT THIS PROPERTY

Nicholas PaceCentury 21-The CrossingMore Info
201-606-1373

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Nicholas PaceCentury 21-The CrossingMore Info
201-606-1373

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