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Listed price in listed location currency (USD).
$1,749,888

000

MLS® 26001935

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Residential
Size -
Garage No
HOA Fees 
Taxes $11,800
Days Active 36
Approx. Age 
MLS® Number 26001935

Property Address: 402 Broad Ave, Palisades Park, NJ, 07650-1606

Average square foot calculated using Size range provided by listing agent.

Description

Ideally positioned on the corner of the town’s main commercial corridor with exceptional foot and vehicular traffic, this well maintained Broad Avenue mixed use building offers a rare investment opportunity. The property is anchored by a Banner Deli & Liquors, a long standing ground floor commercial tenant with over 50 years of continuous operating history (business also available for purchase), providing stable income and strong visibility. The street level commercial space features a full kitchen, customer bathroom, dinning area, retail space and a full basement with dedicated office space, dry and cold storage. (Fixtures/appliances are the property of the tenant). The second floor of the building includes two, 2 bedroom residential apartments with separate entrances. Additional income generation opportunity comes from two static billboard advertising placements, with upside potential through conversion to a digital billboard (subject to municipal approvals and permits). In a cash scenario the property delivers a 6.98% cap rate, with a current monthly rent roll of approximately $12, 800, annual gross income of $153, 000 and an annual NOI of approximately $139, 600 per year. Please note: Seller is retiring and intends to sell the building and comm. Business located on the ground level of the property (NJ MLS #26002004) as a package or sell the business prior to closing on the building if separately sold.
MLS® Number26001935
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

Other

Jan 16, 2026List Date
$1,749,888List Price
  • Commute

Commute

Starting Address
Destination Address
402 Broad Ave, Palisades Park, NJ

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