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241-243 Rock Rd 4,705 SF 75% Leased Retail Building Glen Rock, NJ 07452 $1,400,000 ($297.56/SF)
Investment Highlights
- Prime location in Glen Rock’s central business district with excellent frontage on Rock Road and Valley Road.
- Positioned within an AHO-2 overlay zone allowing expansion to three stories for additional income potential.
- Close proximity to Route 208, local retail, dining, commuter transit, and established residential neighborhoods.
- Mixed-use layout featuring two ground-floor retail spaces and multiple office suites for diversified tenancy.
- Six private on-site parking spaces plus convenient pedestrian access in a strong walkable downtown hub.
- Ideal investment for value-add repositioning through targeted leasing and optimization strategies.
Executive Summary
RARE OPPORTUNITY to own a MIXED USE property on the main street of the central business district of downtown Glen Rock and falls within the new AHO2 overlay zone that allows 3 stories. The building has 2 retail spaces, 5 offices, full unfinished basement and 6 onsite private parking spaces. Value is in the location, bringing current and future tenants to market rate rents and expansion possibilities.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,705 SF
Building Class
C
Year Built
1950
Price
$1,400,000
Price Per SF
$297.56
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
0.64
Lot Size
0.17 AC
Zoning
C-2 - Parcel is within a newly defined AHO-2 Overlay District that permits 3 stories.
Parking
6 Spaces (1.28 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Moderately walkable
70/100
Very drivable
80/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 22-00111-0000-00006 | Improvements Assessment | $508,700 |
| Land Assessment | $675,000 | Total Assessment | $1,183,700 |
Property Taxes
Parcel Number
22-00111-0000-00006
Land Assessment
$675,000
Improvements Assessment
$508,700
Total Assessment
$1,183,700
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