Log In/Sign Up
Your email has been sent.
545 Mola Blvd 6,344 SF 100% Leased Retail Building Elmwood Park, NJ 07407 $1,600,000 ($252.21/SF) 3.21% Cap Rate
Investment Highlights
- Heavy Foot Traffic from 7am to 7pm, Month to Month Lease
- 11 Car Parking, 6 car parking for rental apartment , Close to major highways Rt 46,4,80 & Garden State Parkway
- 2nd Floor 3 bedroom/3 bathroom rental, private parking Month to Month Lease
Executive Summary
Prime Location to all major highways! Commercial/Mixed Use building with great parking!!! New Roof, New Retaining wall, Updated Kitchen & Baths on 2nd floor. Basement storage used by Liquor store. Central Air 1st floor, window air condition units on 2nd floor.
1st Floor currently rented for 10 years as a Liquor Store Rental: $6,250/M-M Total $75,000 Annually
Residential 3/3 Rental 2nd floor Unit: $3,000 M-M Total $36,000 Annually. Separate entrance.
2 Furnaces, 2 Water Heaters, upgraded electrical panels
Separate Utilities
Current Insurance: $6,600/year
2024 Taxes $17,671
Aluminum Siding, Block Masonry building.
Flat, Asphalt Newer Roof.
Major Highways are close by Rt's 80, 46, 4 and Garden State Parkway!
1st Floor currently rented for 10 years as a Liquor Store Rental: $6,250/M-M Total $75,000 Annually
Residential 3/3 Rental 2nd floor Unit: $3,000 M-M Total $36,000 Annually. Separate entrance.
2 Furnaces, 2 Water Heaters, upgraded electrical panels
Separate Utilities
Current Insurance: $6,600/year
2024 Taxes $17,671
Aluminum Siding, Block Masonry building.
Flat, Asphalt Newer Roof.
Major Highways are close by Rt's 80, 46, 4 and Garden State Parkway!
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
6,344 SF
Building Class
C
Year Built/Renovated
1940/2024
Price
$1,600,000
Price Per SF
$252.21
Cap Rate
3.21%
NOI
$51,290
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.46
Lot Size
0.10 AC
Zoning
Commercial/Mixed Use - Mixed use-Liquor Store/Package Goods, 2nd floor 3 bedroom/2 Bath rental Both Non owner
Parking
5 Spaces (0.79 Spaces per 1,000 SF Leased)
Amenities
- Fenced Lot
- Security System
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Balcony
- Fiber Optic Internet
- Smoke Detector
Walk Score®
Very Walkable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-01408-0000-00003 | Improvements Assessment | $74,100 |
| Land Assessment | $501,700 | Total Assessment | $575,800 |
Property Taxes
Parcel Number
11-01408-0000-00003
Land Assessment
$501,700
Improvements Assessment
$74,100
Total Assessment
$575,800
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Aldo's Realty
545 Mola Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.