572 Union Blvd Local d'activités 483 m² 100 % Loué À vendre Totowa, NJ 07512 868 699 € (1 798,19 €/m²)

Value-Add Mixed-Use Opportunity with Residential Unit, Garage, and Redevelopment Potential.
Exceptional mixed-use property offering tremendous flexibility for investors, business owners, developers, or owner-occupants. The building features approximately 5,200 square feet of combined space, including a large commercial storefront, attached garage, expansive second-floor retail/warehouse area, and a spacious 3-bedroom, 1.5-bath apartment.
The commercial storefront and additional commercial spaces are in generally good condition, with functioning heat throughout the building. The upstairs retail/warehouse space includes an existing air conditioning unit.
A major highlight of the property is its highly adaptable layout. The existing configuration may lend itself to a variety of potential uses, including expanded commercial operations, additional residential units (subject to approvals), warehouse/storage use, professional offices, retail space, or a live/work setup.
Situated on an approximately 60' x 125' lot, the property also offers a massive fenced backyard with the potential for additional parking, outdoor storage, or future improvements. Existing parking includes a front driveway accommodating two vehicles, an oversized garage capable of housing two or more vehicles, and additional frontage parking previously utilized by the owner. Ample street parking further enhances accessibility.
Whether you're seeking an income-producing asset, redevelopment opportunity, owner-user property, or value-add investment, this unique mixed-use building offers substantial upside potential and endless possibilities.
Pro Forma Income Potential
Based on market rents and the property's flexible layout, the following represents a potential stabilized income scenario:
Residential Unit (3 Bed / 1.5 Bath)
Estimated market rent: $3,500–$4,000/month
Annual gross rent: $42,000–$48,000
Commercial Space (Approx. 4,000 SF Combined)
Downstairs storefront, attached garage, and second-floor retail/warehouse space.
Projected rent at approximately $2.00 per square foot per month, which is below many comparable commercial rental rates in the area.
Estimated monthly rent: $8,000/month
Annual gross rent: $96,000/year
Potential Total Gross Income
Monthly: $11,500–$12,000/month
Annual: $138,000–$144,000/year
Buyers should perform their own due diligence regarding zoning, permitted uses, rental rates, and future development opportunities.