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242 River St - 242 River Street 0.24 Acres of Commercial Land Offered at $799,000 in Hackensack, NJ 07601
Investment Highlights
- Prime Hackensack location with visibility along River Street, a key commercial corridor.
- Located within Northern New Jersey’s high-demand market with strong demographics and economic growth.
- Parcel spans approximately 0.24 acres, offering a development opportunity for commercial, mixed-use, or medical uses (subject to zoning).
- Close proximity to Downtown Hackensack redevelopment area, Bergen County Courthouse, and multiple retail and dining amenities.
Executive Summary
Great corner lot. Excellent visibility.
Corner of E. Salem Street.
Property Facts
| Price | $799,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | General Freestanding |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.24 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | Commercial - Commercial Site | ||
| Price | $799,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | General Freestanding |
| Total Lot Size | 0.24 AC |
| Opportunity Zone |
Yes |
| Zoning | Commercial - Commercial Site |
1 Lot Available
Lot 1
| Price | $799,000 | Lot Size | 0.24 AC |
| Price Per AC | $3,329,166.67 |
| Price | $799,000 |
| Price Per AC | $3,329,166.67 |
| Lot Size | 0.24 AC |
0.24 Acres of land located on a corner lot.
Description
242 River Street offers an exceptional development opportunity in Hackensack’s vibrant commercial corridor. Situated on a 0.24-acre parcel, this vacant lot is well-positioned for retail, office, medical, or mixed-use development, subject to local zoning requirements. The site benefits from prominent visibility along River Street, enhancing exposure for future businesses and tenants. Connectivity is a major advantage, with immediate access to major regional routes including I-80, Routes 4 and 17, and the Garden State Parkway. Downtown Hackensack’s courthouse district, new residential projects, and a variety of dining and retail amenities are located nearby, creating strong market synergy. The property’s proximity to two NJ Transit rail stations—Anderson Street and Essex Street—introduces excellent commuter accessibility, while Newark Liberty International Airport is just a 22-minute drive, supporting both local and regional business operations. With continued redevelopment in Hackensack, this site provides a rare opportunity to establish a modern facility in a market experiencing steady growth. Whether envisioned for healthcare services, boutique retail, or a professional office setting, 242 River Street delivers a flexible canvas and location appeal that attracts investment and long-term value.
Property Taxes
| Parcel Number | 23-00308-02-00018-01 | Improvements Assessment | $0 |
| Land Assessment | $516,000 | Total Assessment | $516,000 |
Property Taxes
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242 River St - 242 River Street
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