This exceptional retail opportunity presents 4,474 square feet of vacant space within the established Elmwood Park Shopping Center, located at 100 Broadway, Elmwood Park, NJ 07407. The center boasts a total of 22,374 square feet and features ample parking with 522 spaces available for customers and employees. This single-suite space is ideal for a variety of retail uses and offers excellent visibility and accessibility from a high-traffic location in Elmwood Park, New Jersey. The property's strategic location ensures high foot traffic and convenient access for customers. The building is well-maintained and offers a modern aesthetic, creating a positive shopping experience. This is a rare chance to secure a prominent retail space in a thriving community. The expansive parking lot ensures convenient parking for shoppers, contributing to a positive customer experience. The available space is ready for immediate occupancy, allowing for a quick start to your business operations. With its prime location and ample parking, this property presents a compelling investment opportunity for businesses seeking to establish or expand their presence in the Elmwood Park market. The property is situated at a highly visible location on Broadway, ensuring maximum exposure for your business. Don't miss this chance to secure a thriving retail space in a bustling New Jersey community.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$42,703,600
6.5%
$39,418,700
7%
$36,603,100
Comparable approach
Method
Valuation
Relative Method
$29,778,200
Geo Method
$29,778,200
Alternative Use
Use
Valuation
Industrial / Distribution
$77,606,400
Retail / Commercial
$39,796,200
Mixed-Use / Specialty
$39,654,300
Hospitality / Lodging
$29,093,100
Office
$39,418,700
Institutional / Educational
$41,224,500
Residential Income
$48,232,700
Multifamily
$57,847,700
Automotive / Energy
$35,335,300
Parking / Income-Based Land
$12,193,800
Restaurant / Food Service
$20,624,500
Healthcare / Senior Housing
$40,664,800
Location Insight
City
Elmwood Park
County
Bergen
State
New Jersey
Latitude
40.9189
Longitude
-74.1238
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Broadway Elmwood Park, NJ 07407
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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.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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