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147 Chestnut St 5,250 SF Retail Building Roselle Park, NJ 07204 $1,375,000 ($261.90/SF)
INVESTMENT HIGHLIGHTS
- Proforma Cap Rate based on previous commercial tenant
EXECUTIVE SUMMARY
Welcome to 147 Chestnut St, a prime mixed-use corner lot property situated in the vibrant heart of Roselle Park, NJ. This property offers a unique opportunity for a retail owner-occupant looking for a prime business location.
The ground floor storefront, currently vacant, is a standout feature with high visibility and foot traffic—ideal for a business owner or operator looking to occupy the space immediately. This vacant commercial space presents a perfect opportunity for an owner-occupant to establish or expand their business while benefiting from the steady rental income from the 2 residential units above.
The upper level features two fully leased residential apartments: a spacious 2-bedroom/1-bath and a cozy 1-bedroom/1-bath, both boasting bright, airy interiors with hardwood floors and updated kitchens and baths. Tenants pay for all utilities and ample natural light creates an inviting atmosphere for daily living.
In addition to its current layout, the property offers potential for further development, including the option to add another floor with more apartments or businesses above, or create a second floor for your current business, enhancing its value and versatility. Zoning information is attached, but buyers should do their own due diligence.
Located in a bustling area with close proximity to shops, restaurants, parks, schools, new apartment complexes, and public transportation, this property provides excellent accessibility and convenience for both residents and businesses. Residents and businesses alike benefit from easy access to major highways and commuter routes, enhancing the property's desirability.
Don’t miss out on this exceptional opportunity to own a versatile property in Roselle Park. Whether it’s another Deli, Restaurant, Cafe, Financial Institution, Tanning Salon, Hair Salon, Spa, Theater, Fitness and Recreation Center, or one of many other possible uses, 147 Chestnut St is the perfect canvas for your successful business location!
Schedule a showing today to explore the potential of this outstanding mixed-use property!
For more information, please contact Julia at 732-266-6677.
The ground floor storefront, currently vacant, is a standout feature with high visibility and foot traffic—ideal for a business owner or operator looking to occupy the space immediately. This vacant commercial space presents a perfect opportunity for an owner-occupant to establish or expand their business while benefiting from the steady rental income from the 2 residential units above.
The upper level features two fully leased residential apartments: a spacious 2-bedroom/1-bath and a cozy 1-bedroom/1-bath, both boasting bright, airy interiors with hardwood floors and updated kitchens and baths. Tenants pay for all utilities and ample natural light creates an inviting atmosphere for daily living.
In addition to its current layout, the property offers potential for further development, including the option to add another floor with more apartments or businesses above, or create a second floor for your current business, enhancing its value and versatility. Zoning information is attached, but buyers should do their own due diligence.
Located in a bustling area with close proximity to shops, restaurants, parks, schools, new apartment complexes, and public transportation, this property provides excellent accessibility and convenience for both residents and businesses. Residents and businesses alike benefit from easy access to major highways and commuter routes, enhancing the property's desirability.
Don’t miss out on this exceptional opportunity to own a versatile property in Roselle Park. Whether it’s another Deli, Restaurant, Cafe, Financial Institution, Tanning Salon, Hair Salon, Spa, Theater, Fitness and Recreation Center, or one of many other possible uses, 147 Chestnut St is the perfect canvas for your successful business location!
Schedule a showing today to explore the potential of this outstanding mixed-use property!
For more information, please contact Julia at 732-266-6677.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,250 SF
Building Class
C
Year Built
1970
Price
$1,375,000
Price Per SF
$261.90
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.30
Lot Size
0.09 AC
Zoning
B-2
Frontage
30’ on Chestnut St
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15-00909-0000-00006 | Improvements Assessment | $487,700 |
| Land Assessment | $87,300 | Total Assessment | $575,000 |
PROPERTY TAXES
Parcel Number
15-00909-0000-00006
Land Assessment
$87,300
Improvements Assessment
$487,700
Total Assessment
$575,000
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