1398 Liberty AveHillside, NJ 07205

  • Commercial real estate
  • 0.20 AC
For Sale
$810,000 View listing

Property Details for 1398 Liberty Ave

Year built
1952
Construction
TYPE NOT SPECIFIED
Lot size
0.20 AC
Zone code
RC
Property type
Commercial real estate
APN
07 00603-0000-00025
APU
700603000000025

Description

This exceptional 4,750 square foot storefront property, located at 1398 Liberty Avenue in Hillside, New Jersey, presents a lucrative investment opportunity. Situated on a 0.2-acre corner lot at a four-way traffic light intersection, this retail space boasts excellent visibility and accessibility. The building features a wet sprinkler system and ample parking for 10 vehicles (1.69 spaces per 1,000 sq ft). The property is zoned RC (Retail Store) and offers significant frontage on both Liberty Street (83 feet) and Hillside Avenue (36 feet). Its strategic location offers unparalleled convenience, being just one mile from I-78, two miles from the Garden State Parkway, and five miles from the New Jersey Turnpike. Across the street from Hillside Municipal buildings, this property benefits from high daily traffic and strong local presence. The 2022 property taxes were $22,745.24. This is a rare opportunity to acquire a well-positioned retail space in a thriving New Jersey community. The property is identified as Block 603, Lot 25.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,611,560
    Hospitality
    $1,476,180
    Educational
    $1,228,165
    Medical
    $1,270,403
    Retail
    $1,910,479

Location Insight

City
Hillside
County
Union
State
New Jersey
Latitude
40.7012
Longitude
-74.23
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$22,957
$115,800
$170,700
$286,500
-
$115,800
$170,700
$286,500

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