5 Locust Avenue - Storefront FOR SALE


Wallington, NJ 07057
$3,850,000 USD
732-232-4351
5 Locust Avenue, Wallington, NJ for Sale
$3,850,000 USD
Storefront - FOR SALE
1/11
null | Request Cap Rate

5 Locust Avenue
Wallington, NJ 07057


HIGHLIGHTS

  • Attractive Rent Increases
  • Strategic Location
  • Transit Oriented Location
  • High Traffic Counts
  • Exceptional Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase Locus Plaza located at 5 Locust Avenue in Wallington, New Jersey (the “Property”). The Property consists of a fully occupied, eleven-tenant retail plaza with 24,031 square feet of space on a 1.13-acre corner parcel of land. Locus Plaza is situated in an incredible urban-infill location along the border of Wallington and East Rutherford. The Property is positioned at the signalized intersection of Locust Avenue and Paterson Avenue, the area’s primary commercial and commuter corridor and offers prominent visibility and frontage. The Property is positioned along the municipal bus line, is convenient to several Train Stations, and is close to major area roadways. The immediate area offers an eclectic mix of local businesses and services, surrounded by densely populated residential areas that provide a robust consumer base. Wallington is located in Bergen County and is a suburb within the New York metropolitan area. The densely populated area is approximately 15-miles northwest of New York City.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$160 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Locus Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

R2

APN/PARCEL ID

65-00035-0000-00006

ASK ABOUT THIS PROPERTY

Michael LombardiHorvath & TremblayMore Info
732-232-4351

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

Michael LombardiHorvath & TremblayMore Info
732-232-4351

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