821 McBride Ave - Storefront Retail/Residential FOR SALE


Woodland Park, NJ 07424
$949,000 USD
973-652-4372
821 McBride Ave, Woodland Park, NJ for Sale
$949,000 USD
Storefront Retail/Residential - FOR SALE
1/1
null | Request Cap Rate

821 McBride Ave
Woodland Park, NJ 07424


OVERVIEW

Prime mixed-use commercial property with strong income and development potential. This well-maintained 2-unit building sits on 0.72 acres and features an exclusive 25+ car private parking lot. The lot measures 176' on the street side, 208' on the left, 191' at the rear, and 144' on the right. The first floor is leased to an established gentlemen's lounge with four years remaining on the lease, and the tenant holds rights to a liquor license, offering stable income. The second floor consists of a spacious 2-bedroom apartment currently rented on a month-to-month basis, allowing flexibility for future use or repositioning. An additional revenue stream comes from a 60-foot standalone sign pole located in the back parking lot, which pays monthly rent. Conveniently located off Route 80 and Route 46, this property offers excellent visibility and easy highway access. With multiple income sources, ample on-site parking, and strong redevelopment potential, this is an outstanding opportunity for investors or owner-users seeking a high-exposure location with upside. 1st floor business pays $6,240 per month, 2nd floor 2 Bedroom brings in $2,000 per month. , and the advertising poll pays $1,125 per month.

FOR SALE DETAILS

PRICE

$949,000 USD

PRICE/SF

$332 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,484 SF

ZONING

-

APN/PARCEL ID

16-00053-0000-00015

ASK ABOUT THIS PROPERTY

Fred NouriRealty One Group LegendMore Info
973-652-4372

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Fred NouriRealty One Group LegendMore Info
973-652-4372

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