Commercial space For Sale in Elmwood Park, NJ
 

MLS# : 24033752

Street : 198 Market Street
Price : $875,000
Town : Elmwood Park, NJ 07407
Annual Taxes : $13,554

PROPERTY DETAILS

Use : Retail
Type : Strip Mall
Utilities : Sep Elec, Sep Gas, Sep Heat
Heat/Cool : Gas
Waterfront : None

PROPERTY DESCRIPTION

Prime investment opportunity! This three-unit strip mall is located in the heart of Elmwood Park's bustling downtown district. Situated on a 51x150 lot, the property offers excellent visibility on a high-traffic road, making it ideal for retail businesses looking to attract foot and vehicle traffic. With 10+ parking spaces conveniently located at the rear of the building, this property provides easy access for customers. Its strong rental history makes it a stable investment, with current tenants benefiting from the mall's high visibility and proximity to major highways, offering seamless access to Route 80, Route 46, and the Garden State Parkway. This versatile commercial property is perfect for investors or business owners looking for a well-maintained, high-traffic retail location in a growing area. Don't miss out on this rare opportunity to own a piece of Elmwood Park's thriving commercial landscape!

Amenities

This listing is a courtesy of Serhant New Jersey LLC
(646) 480-7665 office, listing agent Michael Todaro

MADISON ADAMSTM

office: 201-760-1100
84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)

Contact Info

FOR APPOINTMENTS CONTACT


Managing Partner
Broker Associate
646-279-8233 (cell)

Madisom Adams Broker Associate Helena Lobo-Zagorski


About Elmwood Park, NJ Real Estate Market

Located in Bergen County in New Jersey state, Elmwood Park was originally a part of the Dundee Lake, which was one of the core sections of Saddle River Township. Spread over 2.73 square miles, Elmwood Park is a home for around 19,000 odd people and is surrounded by other boroughs like Paterson and Clifton from Passaic County and Fair Lawn, Saddle Brook and Garfield from Bergen County.

The story of the formation of Elmwood Park goes back to the year 1916 when the residents of Dundee Lake voted for the separation of the borough of East Paterson from the Saddle River Township. After a few decades, in 1973, the town was renamed, Elmwood Park.

While most of the town remains closed on Sundays due to strict blue laws, Elmwood Park has several places of interest, making it one of the liveliest boroughs to live. While the Van Houten-Hillman House is one of the most historical places in the town, The House of Loud is a recording studio graced by hardcore bands of the country in the past.

In addition to these buildings, Elmwood Park also has Artesian Field County Park, which includes athletic fields, a walking path, a lake beach and a small zoo. Another place of interest is a bowling alley called Parkway Lanes, located between Garden State Parkway and Route 46. You can find a suitable home meeting your preferences by contacting New Jersey real estate agents for this place.
Population:  19,403
Total Housing Units:  7,385
Single Family Homes:  4,772
General Tax Rate (2023):  2.991%
Effective Tax Rate (2023):  2.229%
Compare To Other Towns

Elmwood Park Market Indicators

PRICE INDEX

Average Price* (12mo):  $574,868
Homes Sold* (12mo):  93
PRICE INDEX
SINGLE FAMILY HOME SALES

Elmwood Park, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX
 

Download Full Home Sales Report

REAL ESTATE TAXES

General Tax Rate (2023):  2.991%
Effective Tax Rate (2023):  2.229%
GENRAL TAX RATE - Elmwood Park, NJ



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: 12/22/2024 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

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