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48-50 W Palisade Ave 8,200 SF 100% Leased Retail Building Englewood, NJ 07631 $2,200,000 ($268.29/SF) 6.50% Cap Rate
EXECUTIVE SUMMARY
Prime mixed-use building located in one of Englewood’s busiest and most desirable commercial corridors. This well-maintained property features three spacious residential apartments along with two high-visibility commercial units, and three office space available, offering strong income potential and consistent foot traffic. The commercial spaces are ideal for retail, or office, benefiting from excellent street exposure. The residential units provide reliable rental income. Don’t miss this rare opportunity to own a high-demand mixed-use building in thriving Englewood, NJ!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$195,600
|
$45.49
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$195,600
|
$45.49
|
| Taxes |
$31,594
|
$7.35
|
| Operating Expenses |
$20,247
|
$4.71
|
| Total Expenses |
$51,841
|
$12.06
|
| Net Operating Income |
$143,759
|
$33.43
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $195,600 |
| Annual Per SF | $45.49 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $195,600 |
| Annual Per SF | $45.49 |
| Taxes | |
|---|---|
| Annual | $31,594 |
| Annual Per SF | $7.35 |
| Operating Expenses | |
|---|---|
| Annual | $20,247 |
| Annual Per SF | $4.71 |
| Total Expenses | |
|---|---|
| Annual | $51,841 |
| Annual Per SF | $12.06 |
| Net Operating Income | |
|---|---|
| Annual | $143,759 |
| Annual Per SF | $33.43 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,200 SF
Building Class
B
Year Built
1936
Price
$2,200,000
Price Per SF
$268.29
Cap Rate
6.50%
NOI
$143,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.88
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
CBD1
Frontage
AMENITIES
- Bus Line
- Freeway Visibility
- Signage
Walk Score®
Walker's Paradise (95)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15-02305-0000-00003 | Total Assessment | $1,028,100 (2025) |
| Land Assessment | $633,600 (2025) | Annual Taxes | $31,594 ($3.85/SF) |
| Improvements Assessment | $394,500 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
15-02305-0000-00003
Land Assessment
$633,600 (2025)
Improvements Assessment
$394,500 (2025)
Total Assessment
$1,028,100 (2025)
Annual Taxes
$31,594 ($3.85/SF)
Tax Year
2024
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48-50 W Palisade Ave
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