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321 Broadway 13,580 SF 89% Leased Retail Building Hillsdale, NJ 07642 $5,700,000 ($419.73/SF) 5% Cap Rate



Investment Highlights
- High-visibility location along Broadway with strong daily traffic counts
- Strong neighborhood demographics in a well-established Bergen County market
- Flexible layout options to accommodate a variety of commercial tenants
- Ample on-site and nearby parking options
Executive Summary
"Prime Investment Opportunity in Affluent Hillsdale – 35,000 SF Lot with 13,000 SF Commercial Building & 45 cars parking area"
Please don't miss this exceptional income-producing commercial property located in the highly desirable and affluent Hillsdale market of Bergen County. The property sits on an expansive approximately 35,000 square foot lot and is improved with a ±13,000 square foot multi-tenant retail building & 45 cars parking area.
The building consists of 9 total units and is currently approximately 90% occupied, providing strong in-place income and stable tenancy. Established tenants include a nail salon, Japanese restaurant, bagel shop, deli, Chinese restaurant, halal restaurant, and Mediterranean restaurant — all operating successfully and serving the surrounding upper-middle-income residential community.
Hillsdale is known for its strong demographics, quality school system, and steady consumer base, making this a highly attractive retail corridor with consistent foot traffic and repeat clientele.
The generous lot offers ample on-site parking and potential future upside (subject to municipal approvals). Excellent visibility and convenient access to major roadways further enhance the property’s long-term value.
A rare opportunity to acquire a high-occupancy retail asset in one of Bergen County’s sought-after commercial markets.
Please don't miss this exceptional income-producing commercial property located in the highly desirable and affluent Hillsdale market of Bergen County. The property sits on an expansive approximately 35,000 square foot lot and is improved with a ±13,000 square foot multi-tenant retail building & 45 cars parking area.
The building consists of 9 total units and is currently approximately 90% occupied, providing strong in-place income and stable tenancy. Established tenants include a nail salon, Japanese restaurant, bagel shop, deli, Chinese restaurant, halal restaurant, and Mediterranean restaurant — all operating successfully and serving the surrounding upper-middle-income residential community.
Hillsdale is known for its strong demographics, quality school system, and steady consumer base, making this a highly attractive retail corridor with consistent foot traffic and repeat clientele.
The generous lot offers ample on-site parking and potential future upside (subject to municipal approvals). Excellent visibility and convenient access to major roadways further enhance the property’s long-term value.
A rare opportunity to acquire a high-occupancy retail asset in one of Bergen County’s sought-after commercial markets.
Property Facts
Sale Type
Investment NNN
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
13,580 SF
Building Class
C
Year Built
1980
Price
$5,700,000
Price Per SF
$419.73
Cap Rate
5%
NOI
$285,000
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
0.80 AC
Zoning
C - Commercial zone
Parking
200 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
281’ on Broadway
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 3 | 1,531 SF | Restaurant | In-Line | Now |
3
| Size |
| 1,531 SF |
| Space Use |
| Restaurant |
| Position |
| In-Line |
| Available |
| Now |
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3
| Size | 1,531 SF |
| Space Use | Restaurant |
| Position | In-Line |
| Available | Now |
Fairly walkable
50/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 27-01001-0000-00001 | Improvements Assessment | $1,084,000 |
| Land Assessment | $891,000 | Total Assessment | $1,975,000 |
Property Taxes
Parcel Number
27-01001-0000-00001
Land Assessment
$891,000
Improvements Assessment
$1,084,000
Total Assessment
$1,975,000
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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321 Broadway
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