545 Mola Blvd - Storefront Retail/Residential FOR SALE


Elmwood Park, NJ 07407
$1,800,000 USD
201-417-8040
545 Mola Blvd, Elmwood Park, NJ for Sale
$1,800,000 USD
Storefront Retail/Residential - FOR SALE
1/11
null | 2.85% Cap Rate

Aug '25


545 Mola Blvd
Elmwood Park, NJ 07407


HIGHLIGHTS

  • Heavy Foot Traffic from 7am to 7pm, Month to Month Lease
  • 2nd Floor 3 bedroom/3 bathroom rental, private parking Month to Month Lease
  • 11 Car Parking, 6 car parking for rental apartment , Close to major highways Rt 46,4,80 & Garden State Parkway

OVERVIEW

Prime Location to all major highways! Commercial/Mixed Use building with great parking!!! New Roof, New Retaining wall, Updated Kitchen & Baths on 2nd floor. Basement storage used by Liquor store. Central Air 1st floor, window air condition units on 2nd floor. 1st Floor currently rented for 10 years as a Liquor Store Rental: $6,250/M-M Total $75,000 Annually Residential 3/3 Rental 2nd floor Unit: $3,000 M-M Total $36,000 Annually. Separate entrance. 2 Furnaces, 2 Water Heaters, upgraded electrical panels Separate Utilities Current Insurance: $6,600/year 2024 Taxes $17,671 Aluminum Siding, Block Masonry building. Flat, Asphalt Newer Roof. Major Highways are close by Rt's 80, 46, 4 and Garden State Parkway!

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$284 USD /SF

CAP RATE

2.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

Commercial/Mixed Use

APN/PARCEL ID

11-01408-0000-00003

ASK ABOUT THIS PROPERTY

Barbara Roe-PalkoAldo's RealtyMore Info
201-417-8040

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Barbara Roe-PalkoAldo's RealtyMore Info
201-417-8040

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