85 Outwater Ln - Retail FOR SALE


Garfield, NJ 07026
$3,000,000 USD
201-777-5002
85 Outwater Ln, Garfield, NJ for Sale
$3,000,000 USD
Retail - FOR SALE
1/8
null | 6.4% Cap Rate

85 Outwater Ln
Garfield, NJ 07026


HIGHLIGHTS

  • Access & Connectivity
  • Minimal Landlord Responsibility
  • Additional Revenue Stream
  • Strategic Retail Location
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-tenant retail center located at 85 Outwater Lane in Garfield, NJ (the “Property”). The well-maintained plaza is improved by an 11,818 square-foot brick building on a 1.70-acre parcel. The retail center is 100% leased to seven (7) tenants, spanning numerous industries, catering to the needs of area residents. The Property offers a stable and secure asset with established tenants. The Property is strategically positioned along Outwater Lane in Garfield, NJ, offering excellent frontage and visibility within an established commercial corridor. Located just moments from major roadways including NJ Route 21 and NJ Route 46, the Property benefits from convenient access to surrounding communities throughout Bergen and Passaic Counties, as well as strong regional connectivity to New York City. The surrounding area features densely populated residential neighborhoods, established commercial uses, and a diverse mix of national and local retailers, restaurants, and service providers that contribute to consistent traffic and customer activity. The Property’s prominent location along Outwater Lane, combined with its convenient access and strong street presence, positions the retail center to benefit from a substantial and diverse customer base throughout the surrounding trade area.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$304 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Outwater Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

Retail

APN/PARCEL ID

21-00141-0000-00041

ASK ABOUT THIS PROPERTY

Rob DiFrancoHorvath & TremblayMore Info
201-777-5002

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Rob DiFrancoHorvath & TremblayMore Info
201-777-5002

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