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Palisade View Mixed-Use Site 2502 Palisade Ave 3,300 SF 100% Leased Retail Building Weehawken, NJ 07086 $1,100,000 ($333.33/SF) 6.56% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Weehawken location along Palisade Ave, minutes to Hoboken & Manhattan
- 3,264 SF mixed-use building with strong rental upside potential
EXECUTIVE SUMMARY
Introducing a prime investment opportunity on Palisade Avenue in Weehawken. This 3,264 SF mixed-use building sits in the heart of the Wheat Walk corridor, surrounded by strong demographics and just minutes from Hoboken and Manhattan.
The property offers immediate cash-flow potential with additional upside for the right investor. Current income levels have room to grow, and with market adjustments the returns align with today’s cap rate expectations in Hudson County. At this price point, the deal speaks for itself — it’s rare to find an asset that checks the boxes of location, stability, and upside at this level.
Serious investors should reach out directly for the full financials and pro forma breakdown.
The property offers immediate cash-flow potential with additional upside for the right investor. Current income levels have room to grow, and with market adjustments the returns align with today’s cap rate expectations in Hudson County. At this price point, the deal speaks for itself — it’s rare to find an asset that checks the boxes of location, stability, and upside at this level.
Serious investors should reach out directly for the full financials and pro forma breakdown.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,300 SF
Building Class
C
Year Built
1910
Price
$1,100,000
Price Per SF
$333.33
Cap Rate
6.56%
NOI
$72,158
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.65
Lot Size
0.05 AC
Zoning
R-3 Weehawken - Zoning: R-3 (Class 4A) – flexible use for mixed-use, retail, or residential redevelopment
Frontage
AMENITIES
- Bus Line
- Signage
Walk Score®
Walker's Paradise (95)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-00023-0000-00002 | Improvements Assessment | $502,200 |
| Land Assessment | $207,000 | Total Assessment | $709,200 |
PROPERTY TAXES
Parcel Number
11-00023-0000-00002
Land Assessment
$207,000
Improvements Assessment
$502,200
Total Assessment
$709,200
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Palisade View Mixed-Use Site | 2502 Palisade Ave
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