501-517 River Dr - Freestanding FOR SALE


Garfield, NJ 07026
$8,990,000 USD
732-306-3062
501-517 River Dr, Garfield, NJ for Sale
$8,990,000 USD
Freestanding - FOR SALE
1/13
null | 6.72% Cap Rate

501-517 River Dr
Garfield, NJ 07026


HIGHLIGHTS

  • 14 established, consistent tenants, including personal care, retail, fitness/sports recreation, and restaurant uses
  • high-visibility commercial investment on River Drive featuring two standalone, well-maintained buildings with long-tenured, qualified tenants
  • compelling blend of location, tenancy, visibility, parking, and durable commercial demand

OVERVIEW

Exceptional, high-visibility commercial investment on River Drive featuring two standalone, well-maintained buildings with long-tenured, qualified tenants and a diverse, service-driven tenant mix. A rare opportunity to acquire a turnkey, income-producing commercial asset in a prime Bergen County corridor with strong in-place cash flow and future upside. Building One offers approximately 28,000 SF and is occupied by 14 established tenants, including personal care, retail, fitness/sports recreation, and restaurant uses. Notably, the property features an impressive Indoor soccer facility on the third floor and a popular upscale bar/restaurant. The site is supported by approximately 75 parking spaces, providing a rare convenience for a multi-tenant asset of this size. Building Two is fully occupied by a well-known local grocery store, serving as a daily-needs anchor for the surrounding community. The property sits directly across from The Venetian and benefits from strong daily traffic counts along River Drive. Surrounded by national retailers such as The Home Depot, the location offers excellent consumer draw and long-term stability. Immediate access to New Jersey Route 21, New Jersey Route 17, and U.S. Route 46 further enhances regional connectivity. The original owner built these two impressive buildings in 2007. Positioned for both immediate income and long-term appreciation, this asset offers investors a compelling blend of location, tenancy, visibility, parking, and durable commercial demand.

FOR SALE DETAILS

PRICE

$8,990,000 USD

PRICE/SF

$321 USD /SF

CAP RATE

6.72%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Bar, Storefront Retail/Office, Supermarket

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

B-2

APN/PARCEL ID

21-00080-0000-00016

ASK ABOUT THIS PROPERTY

Dana CadenaCompassMore Info
732-306-3062

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Dana CadenaCompassMore Info
732-306-3062

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