For Sale
$3,950,000

118 Godwin Ave Midland Park, NJ 07432

High-Yield, Multi-Tenant Storefront

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 5,000 square foot retail property, located at 118 Godwin Ave in Midland Park, NJ, presents a compelling investment opportunity. Boasting a 5.45% cap rate and a strong NOI of $215,299, this 100% occupied, multi-tenant building features a 7-Eleven and Fiona's as tenants. Situated on a 0.86-acre lot with ample parking (76 spaces), the property benefits from a prime location at a signalized intersection of Godwin Avenue, Goffle Road, and Vreeland Avenue, ensuring high visibility and accessibility. Built in 1978, the single-story structure offers significant potential for expansion, with the possibility of adding an additional 2,800 square feet. The B-1 zoning allows for a variety of future tenants and development options. Convenient access to major highways, including Route 208, Route 17, the Garden State Parkway, and I-287, further enhances its appeal. The property's proximity to numerous national retailers, such as CVS, Starbucks, Kings, Dunkin', ACME, Burger King, Wendy's, TD Bank, and Petco, underscores its strategic location within a thriving retail corridor. This is a rare opportunity to acquire a high-performing retail asset in a desirable Bergen County location. The asking price is $3,950,000.

Highlights

  • Fully occupied two-tenant retail building in Bergen County.
  • 0.86-acre lot with 76 parking spaces.
  • 2,800 SF potential expansion.
  • High-visibility location at the lighted intersection of Godwin Avenue, Goffle Road, and Vreeland Avenue.
  • B-1 zoning allows diverse tenant options and development potential.
  • Excellent highway access via Routes 208, 17, Garden State Parkway, and I-287.

Property Details for 118 Godwin Ave

Property type
Retail properties, Retail space
Year Built
1978
Stories
1
Lot Size (sq. ft)
37,462 SF

Location Insight

City
Midland Park
County
Bergen
State
New Jersey
Latitude
40.9860294
Longitude
-74.1387368

FAQs

What type of property is this?
Retail property - High-Yield, Multi-Tenant Storefront
Where is the retail property located?
The property is located at 118 Godwin Ave Midland Park, NJ.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Fully occupied two-tenant retail building in Bergen County.; 0.86-acre lot with 76 parking spaces.; 2,800 SF potential expansion.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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118 Godwin Ave
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