Elmwood Park, NJ 3 biens | À vendre | 4 731 525 € | Elmwood Park, NJ

Discover a unique three-property portfolio in Elmwood Park, New Jersey that combines stable cash flow, immediate upside, and long-term redevelopment potential along one of Bergen County's most active commercial corridors.

Spanning three contiguous parcels totaling 0.47 acres, the offering includes a 10,718-square-foot mixed-use building at 236 Broadway, a paved parking lot at 244 Broadway, and a 2,000-square-foot single-family home at 7 13th Avenue. With just one vacancy, a 2,200-square-foot restaurant space, the portfolio generates income from both commercial and residential tenants while offering a clear path to increased revenue through lease-up and rent growth. The restaurant includes a liquor license, removing a significant start-up barrier for a new business.

236 Broadway features occupied ground-floor retail space and a fully leased second-floor apartment, while 7 13th Avenue contributes income through a month-to-month residential lease. Existing rents remain below market levels, creating additional upside through lease renewals and rate adjustments.

The portfolio occupies a prominent corner at Broadway and East 53rd Street, adjacent to a new ShopRite and surrounded by restaurants, medical offices, and service-oriented businesses. More than 26,000 vehicles pass the property daily, providing excellent visibility. The location is less than five minutes from Westfield Garden State Plaza and offers convenient access to Highways 208 and 4, connecting the site to the broader Northern New Jersey and the New York metropolitan area.

Flexible zoning supports a range of redevelopment options, including multifamily housing and multi-tenant retail, allowing investors to capitalize on the site's visibility, accessibility, and strong market fundamentals. Within a 3-mile radius, more than 55% of housing units are renter occupied, while positive net absorption of 550 units over the past 12 months has limited multifamily vacancies to just 5.3%. The surrounding area is home to more than 245,000 residents with average household incomes exceeding $109,000 and more than $2.5 billion in annual consumer spending, delivering strong economic conditions to support new development.

The portfolio's combination of in-place cash flow, operational upside, and redevelopment flexibility makes it an attractive opportunity for investors and owner-users seeking a presence in Bergen County. Reach out to Olga Humblias today to schedule a tour and learn more about this incredible offer.