This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
121-125 Chestnut St
Roselle Park, NJ 07204
121 Chestnut St · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Located in Downtown Roselle Park
- Five Minutes from Parkway and Ten Minutes from Turnpike
- Walking Distance to Train
PROPERTY FACTS
ABOUT 121-125 CHESTNUT ST , ROSELLE PARK, NJ 07204
Marcus & Millichap is proud to exclusively list for sale a three tenant mix-use property located in Roselle Park, New Jersey. The property consists of two retail units and one three bed room apartment with over eight spaces in the parking lot. The nail salon has been in the same location for 17 years. The nail salon pay for 1/3 of the water and sewer expense of the building. The seller is willing to sign a short term lease to transition for a new tenant. The three bed room apartment tenant is paying 15% to 20% below market. Roselle Park does not have rent control , thus allowing significant upside in increasing cash flow. The tenants are responsible for their own utilities expenses. The building is located in downtown Roselle Park, with close proximity to Garden State Parkway, New Jersey Turnpike, Interstate 78, Roselle Park train station. There are restaurants and shopping a few blocks away. The price of $650,000 represents an 8.67% cap rate.
PROPERTY TAXES
| Parcel Number | 15-00909-0000-00001 | Improvements Assessment | $359,500 |
| Land Assessment | $132,000 | Total Assessment | $491,500 |
PROPERTY TAXES
