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
Nearby Comparable
For Sale
$250,000
Ridgewood Restaurant - Turnkey Opportunity
Established eatery, prime location, all equipment included.
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.
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Contacts
Alan Cafiero
David Cafiero
John Moroz
Visit Broker Website
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Useful Information
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Godwin Ave Midland Park, NJ 07432
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Godwin Ave Midland Park, NJ 07432
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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118 Godwin Ave
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