210 Washington AveBergenfield, NJ 07621

Property Details for 210 Washington Ave

Year built

1946

Lot size

0.36 AC

Property type

Commercial real estate

APN

03 00249-0000-00010

APU

300249000000010

Description

This exceptional investment opportunity presents a 10,000± square foot retail building located at 210 South Washington Avenue in Bergenfield, New Jersey, 07621. The property boasts two prime retail tenants: Bergenfield Furniture, occupying 7,600± square feet on a month-to-month lease, and Busby Family Eye Care, leasing 1,700± square feet until 2027. Adding to the income stream are four 600± square foot offices on the second floor. The building features a convenient rear loading dock and parking lot, ideal for efficient operations. Zoned B-2, this property benefits from a high daily traffic count of approximately 19,100 vehicles. The asking price is $1,799,000, with a price per square foot of $179.90. Annual property taxes for 2023 were $23,499. This two-story building offers a compelling mix of established tenants and potential for future growth, making it an attractive investment in a vibrant commercial area. The property's strategic location and strong tenant occupancy make it a promising addition to any portfolio. This is a rare opportunity to acquire a well-positioned retail property in a high-traffic area with a solid income stream and significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,941,580

  6.5%

  $2,715,310

  7%

  $2,521,360

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,051,230

  Geo Method

  $2,051,230

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,345,820

  Retail / Commercial

  $2,741,310

  Mixed-Use / Specialty

  $2,731,530

  Hospitality / Lodging

  $2,004,040

  Office

  $2,715,310

  Institutional / Educational

  $2,839,690

  Residential Income

  $3,322,440

  Multifamily

  $3,984,760

  Automotive / Energy

  $2,434,020

  Parking / Income-Based Land

  $839,952

  Restaurant / Food Service

  $1,420,690

  Healthcare / Senior Housing

  $2,801,140

Location Insight

City

Bergenfield

County

Bergen

State

New Jersey

Latitude

40.9207

Longitude

-73.9973

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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