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11 Sylvan Ave 3,000 SF Retail Building Englewood Cliffs, NJ 07632 $3,950,000 ($1,316.67/SF)
Investment Highlights
- Freestanding restaurant building rebuilt in 2018 w/23 on site parking spaces
- Convenient access to Fort Lee, NYC, and major highways (I-80, I-95, US-9W, Palisades Pkwy)
- Excellent opportunity for new ownership in a high-demand area.
- Prime location near LG’s U.S. HQ, Samsung, CNBC, and major corporations, ensuring strong traffic.
- Currently operating as one of Bergen County’s top-rated Korean restaurants with authentic cuisine, modern decor, and a loyal customer base.
Executive Summary
Freestanding restaurant property on Englewood Cliffs’ prestigious “Trillion Dollar Mile.” Fully rebuilt in 2018 with 23 on-site parking spaces. Prime location near LG’s U.S. HQ, Samsung, CNBC, and major corporations, ensuring strong traffic. Convenient access to Fort Lee, NYC, and major highways (I-80, I-95, US-9W, Palisades Pkwy). Currently operating as one of Bergen County’s top-rated Korean restaurants with authentic cuisine, modern décor, and a loyal customer base. Excellent opportunity for new ownership in a high-demand area.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,000 SF
Building Class
C
Year Built/Renovated
1918/2018
Price
$3,950,000
Price Per SF
$1,316.67
Tenancy
Single
Building Height
2 Stories
Building FAR
0.25
Lot Size
0.28 AC
Zoning
B3 - currently one of the most popular Korean Food restaurant in Bergen County.
Parking
22 Spaces (7.33 Spaces per 1,000 SF Leased)
Frontage
125’ on Sylvan Ave
Walk Score®
Very Walkable (77)
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-00134-0000-00003 | Improvements Assessment | $465,100 |
| Land Assessment | $1,021,300 | Total Assessment | $1,486,400 |
Property Taxes
Parcel Number
16-00134-0000-00003
Land Assessment
$1,021,300
Improvements Assessment
$465,100
Total Assessment
$1,486,400
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