Business For Sale in Palisades Park, NJ
MLS# : 24032703
PROPERTY DETAILS
PROPERTY DESCRIPTION
Well established and thriving restaurant business located at the heart of Palisades Park on Broad Ave. With nothing but superb reviews on all platforms (Google, Yelp, Instagram), this business has anchored itself as one of the town's go-to spots with its loyal customers in place. Business is operated in a 1,400 sq ft space with a 400 sq ft basement for storage. Plenty of time left on the current lease with an option available as well. Don't miss out on lucrative restaurant business.
Amenities
This listing is a courtesy of C Land Realty Co. Pal Park
(201) 944-5353 office, listing agent Kay Suh
MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
About Palisades Park, NJ Real Estate Market
The foundation of Palisades Park as a modern borough got laid in 1899 under an act of the New Jersey Legislature. A few portions of Ridgefield Township got included for the formation of Palisades Park, which seeks inspiration from its location, which is at the top of New Jersey Palisades.
As said above, it is densely inhabited by Koreans, which form around 65 per cent of the total population of the borough. The borough is also known as ‘Little Korea’ and ‘Koreatown on the Hudson’ by the American natives. Even the central business district located around Broad Avenue is known as Koreatown due to the rich ethnicity of Koreans in the area. In 2015, a proposal for changing the name of Broad Avenue to ‘Korea Way’ was introduced by the Korean-American Association of Palisades Park to the mayor of the town. The influence of Korean culture is evident in this part of New Jersey real estate too.
| Population: | 19,622 |
| Total Housing Units: | 7,362 |
| Single Family Homes: | 3,547 |
| General Tax Rate (2023): | 1.479% |
| Effective Tax Rate (2023): | 1.317% |
| Compare To Other Towns |
Palisades Park Market Indicators
PRICE INDEX
| Average Price* (12mo): | $767,845 |
| Homes Sold* (12mo): | 23 |
SINGLE FAMILY HOME SALES
Palisades Park, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 1.479% |
| Effective Tax Rate (2023): | 1.317% |
Similar Listings in Palisades Park
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Madison Adams are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
NJMLS is the owner of the copyrights of the listing content displayed for IDX. The NJMLS Internet Data Exchange Logo is a service mark owned by the NJMLS, Inc.
All information deemed reliable but not guaranteed. Last date updated: 11/14/2024 00:05 AM
Source: New Jersey Multiple Listing Service, Inc.
“©2024 New Jersey Multiple Listing Service, Inc. All rights reserved.”
General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.
Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.
Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury
