323 Semel AveGarfield, NJ 07026

Property Details for 323 Semel Ave

Construction

FRAME

Lot size

0.11 AC

Property type

Commercial real estate

APN

21 00170- 02-00021

APU

21001700200021

Description

This exceptional mixed-use property in Garfield, NJ, presents a unique investment opportunity. The building, totaling 2,400 square feet on a 0.11-acre lot, has recently undergone a complete renovation. The ground floor currently operates as a thriving sports bar, featuring ample indoor and outdoor seating areas, ideal for continued operation or conversion to another commercial use. Its prime location in the heart of Garfield ensures high visibility and convenient access to major transportation arteries, including Routes 21 and 46, maximizing its potential for attracting customers and tenants. Upstairs, a spacious and well-maintained 3-bedroom, 1.5-bathroom residential apartment offers comfortable living. This upper-level unit features hardwood floors throughout, a sizable living room, a separate dining area, and a convenient eat-in kitchen. Currently occupied by a month-to-month tenant, this provides flexibility for future occupancy arrangements. The property's blend of commercial and residential spaces creates a strong income stream and significant potential for future growth. The asking price of $850,000 reflects the property's excellent condition, prime location, and diverse income potential. This is a rare opportunity to acquire a turn-key mixed-use property in a thriving New Jersey community.

• Alternative Use

  Use

  Valuation

  Residential

  $946,385

  Hospitality

  $866,883

  Educational

  $721,237

  Medical

  $746,041

  Retail

  $1,121,924

Location Insight

City

Garfield

County

Bergen

State

New Jersey

Latitude

40.8871

Longitude

-74.1072

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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