12 Oak StClifton, NJ 07014

Property Details for 12 Oak St

Year built

1925

Construction

BRICK

Lot size

0.43 AC

Property size (Sq ft)

3,495 SF

Zone code

M-2

Property type

Retail properties

Property subtype

Bars

APN

02 00073- 01-00017

APU

2000730100017

Description

This exceptional Clifton, NJ investment opportunity presents a unique package deal encompassing two separate buildings situated on nearly half an acre of land in Passaic County (zip code 07014). The property includes a charming two-story, three-bedroom single-family home and a substantial three-story mixed-use building. The mixed-use building features a ground-floor bar/restaurant space and a three-bedroom residential unit on the upper two floors. Each building boasts its own separate utilities, offering flexibility and operational independence. The property offers significant potential for expansion, redevelopment, or modification to suit a variety of investment strategies. Ample parking is available with 25+ spaces. The location provides unparalleled convenience, with easy and direct access to major roadways including Routes 3, 21, 80, and 46. The asking price for this remarkable property is $1,050,000. This presents a rare chance to acquire a substantial mixed-use property in a prime Clifton location with considerable upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $849,407

  6.5%

  $784,068

  7%

  $728,063

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,150,775

  Geo Method

  $1,150,775

• Alternative Use

  Use

  Valuation

  Residential

  $661,391

  Hospitality

  $605,830

  Educational

  $504,044

  Medical

  $521,379

  Retail

  $784,068

Location Insight

City

Clifton

County

Passaic

State

New Jersey

Latitude

40.8282

Longitude

-74.1313

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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