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207 Diamond Bridge Ave 4,800 SF 100% Leased Retail Building Hawthorne, NJ 07506 $1,500,000 ($312.50/SF) 6.71% Cap Rate
Investment Highlights
- Prime location in the heart of town with excellent visibility and foot traffic.
- Second floor features two renovated 3-bedroom apartments with separate utilities and central air.
- Main floor offers 2,400 sq. ft. of cleared retail space, ideal for various businesses.
- Includes nine parking spaces plus nearby public parking, perfect for investors or owner-occupants.
Executive Summary
: Lafayette to Diamond Bridge
Remarks: Amazing mixed use building located in the center of town. The main floor of the building is a 2400 retail space which was previoulsy a neighborhood pharmacy for decades and has been recently cleard out and prepard for a potential next business to occupy. Perfect for any type of retail business, medical or professional etc. The 2nd floor of the building has 2 large 3 bedroom apts both that are in excellent conditon and were gut renovated 6-7 years ago. One unit has 3 bedrooms one bath and is being currently leased for 2100 the other with 3 beds and 1.5 baths and is leased for 2500, both have sep utlities and central air. The building also comes with 9 parking spaces and is located next to plenty of public parking as well. This is perfect for either investor or owner occupant. Location is A+ with tons of fot traffic and visability!
Remarks: Amazing mixed use building located in the center of town. The main floor of the building is a 2400 retail space which was previoulsy a neighborhood pharmacy for decades and has been recently cleard out and prepard for a potential next business to occupy. Perfect for any type of retail business, medical or professional etc. The 2nd floor of the building has 2 large 3 bedroom apts both that are in excellent conditon and were gut renovated 6-7 years ago. One unit has 3 bedrooms one bath and is being currently leased for 2100 the other with 3 beds and 1.5 baths and is leased for 2500, both have sep utlities and central air. The building also comes with 9 parking spaces and is located next to plenty of public parking as well. This is perfect for either investor or owner occupant. Location is A+ with tons of fot traffic and visability!
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,800 SF
Building Class
B
Year Built/Renovated
1988/2022
Price
$1,500,000
Price Per SF
$312.50
Cap Rate
6.71%
NOI
$100,700
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.22
Lot Size
0.09 AC
Zoning
C - Commercial
Parking
10 Spaces (2.08 Spaces per 1,000 SF Leased)
Amenities
- Smoke Detector
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-00106-0000-00008 | Improvements Assessment | $523,000 |
| Land Assessment | $164,000 | Total Assessment | $687,000 |
Property Taxes
Parcel Number
04-00106-0000-00008
Land Assessment
$164,000
Improvements Assessment
$523,000
Total Assessment
$687,000
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207 Diamond Bridge Ave
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