471-491 Lafayette Ave 14,558 SF 100% Leased Retail Building Hawthorne, NJ 07506 $5,250,000 ($360.63/SF)

Rare redevelopment opportunity at 471–491 Lafayette Avenue in Hawthorne, NJ. This 2.27+/- acre property totals approximately 98,881+/- SF and spans two sub-areas with more than a block of Lafayette Avenue frontage. An adopted Redevelopment Plan is in place, establishing a framework for future use with opportunities for senior residential on one tract and mixed-use residential development with a ground-floor commercial component on the second tract.
The plan provides for up to 60 residential units, subject to compliance with the plan, applicable regulations and required municipal approvals. Formerly home to the original Hawthorne Chevrolet, the property offers significant scale, visibility and long-term potential in an established commercial location.
An opportunity to acquire a prominent Lafayette Avenue property with an adopted municipal framework and the scale to support a meaningful future project.