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EXISTING INCOME + FULLY APPROVED DEVELOPMENT 1184 Main Ave 8,086 SF 100% Leased Retail Building Clifton, NJ 07011 $5,500,000 ($680.19/SF)



Investment Highlights
- Existing income plus fully approved development: 10,464 SF multi-tenant building with a shovel-ready 8,071 SF mixed-use expansion
- 7 rentable commercial units plus two Verizon antenna leases, with diversified income across office, retail, service and banking
- Renovated two-story building with mezzanine featuring separate utilities, sprinklers and HVAC throughout
- Approved plans include ground-floor medical/commercial space plus 4 residential apartments on the same 38,340 SF (0.88 AC) lot
- High-visibility corner artery location in prime Clifton with bank drive-through
- High-visibility corner on Main Ave with ±16,000 vehicles per day
Executive Summary
Prime Clifton investment and redevelopment opportunity featuring a 10,464 SF freestanding, multi-tenant commercial building with fully approved plans for an additional 8,071 SF mixed-use development on the same lot. The approved project includes ground-floor commercial space with four residential apartments above. This rare offering combines existing income, long-term antenna revenue, and substantial future development upside in one strategically located asset.
Originally constructed in 1928 and renovated in the 2000s, the existing two-story building with mezzanine offers a flexible multi- tenant layout with separate utilities, sprinklers, HVAC, and a bank drive-through. The property contains seven rentable commercial units, along with two Verizon antenna income streams, providing diversified revenue across office, retail, service, banking, and telecommunications uses.
The fully approved development component significantly strengthens the property’s value proposition. A buyer can acquire an established income-producing asset while advancing a shovel- ready mixed-use expansion plan. The approvals provide for new ground-floor commercial space and four residential apartments above, creating a compelling combination of current cash flow and long-term appreciation potential in a prime Clifton location.
Originally constructed in 1928 and renovated in the 2000s, the existing two-story building with mezzanine offers a flexible multi- tenant layout with separate utilities, sprinklers, HVAC, and a bank drive-through. The property contains seven rentable commercial units, along with two Verizon antenna income streams, providing diversified revenue across office, retail, service, banking, and telecommunications uses.
The fully approved development component significantly strengthens the property’s value proposition. A buyer can acquire an established income-producing asset while advancing a shovel- ready mixed-use expansion plan. The approvals provide for new ground-floor commercial space and four residential apartments above, creating a compelling combination of current cash flow and long-term appreciation potential in a prime Clifton location.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
8,086 SF
Building Class
B
Year Built
2009
Price
$5,500,000
Price Per SF
$680.19
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.21
Lot Size
0.88 AC
Zoning
B-C - B-C Business District, City of Clifton
Parking
45 Spaces (5.57 Spaces per 1,000 SF Leased)
Frontage
265’ on Main Ave
Amenities
- Banking
- Corner Lot
- Mezzanine
- Drive Thru
- Wheelchair Accessible
- Storage Space
- Smoke Detector
Exceptionally walkable
100/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-00011-21-00001 | Improvements Assessment | $273,200 |
| Land Assessment | $590,400 | Total Assessment | $863,600 |
Property Taxes
Parcel Number
02-00011-21-00001
Land Assessment
$590,400
Improvements Assessment
$273,200
Total Assessment
$863,600
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EXISTING INCOME + FULLY APPROVED DEVELOPMENT | 1184 Main Ave
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