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23 Emerson Plz 3,267 SF Retail Building Emerson, NJ 07630 $1,572,855 CAD ($481.44 CAD/SF)
Investment Highlights
- Free Standing
- Possibility for Vertical Development
- Long Term Tenant
- Train Station & Public Transportation
- Great Investment Opportunity
Executive Summary
An exceptional opportunity to acquire a single tenant retail property in the heart of Emerson’s thriving downtown business district, just steps from the Emerson Train Station and public transportation.
This 3,812 sq. ft. freestanding building on a 7,649 sq. ft. lot has been home to a successful, long standing tenant who will continue operating at the location, providing a stable and reliable income stream for the next owner. The property features (7) dedicated parking spaces, a truck loading area, and excellent street visibility along one of Emerson’s most active commercial corridors.
The site offers an ideal combination of steady income and possibility for long term development upside. Located within the Downtown Overlay Zone, the property presents an opportunity for vertical expansion above the existing retail footprint, allowing for future mixed-use or multifamily development, subject to Zoning & Borough approvals.
This 3,812 sq. ft. freestanding building on a 7,649 sq. ft. lot has been home to a successful, long standing tenant who will continue operating at the location, providing a stable and reliable income stream for the next owner. The property features (7) dedicated parking spaces, a truck loading area, and excellent street visibility along one of Emerson’s most active commercial corridors.
The site offers an ideal combination of steady income and possibility for long term development upside. Located within the Downtown Overlay Zone, the property presents an opportunity for vertical expansion above the existing retail footprint, allowing for future mixed-use or multifamily development, subject to Zoning & Borough approvals.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,267 SF
Building Class
C
Year Built
1950
Price
$1,572,855 CAD
Price Per SF
$481.44 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
0.18 AC
Zoning
RC - RC Zoning. Located in the overlay zone possibility for vertical development with zoning and Borough Approvals.
Parking
7 Spaces (2.14 Spaces per 1,000 SF Leased)
Frontage
22’ on Emerson Plz
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Rispoli's Bakery
- Manufacturing
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Rispoli's Bakery | Manufacturing | - | - | - |
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-00616-0000-00020 | Improvements Assessment | $348,214 CAD |
| Land Assessment | $424,105 CAD | Total Assessment | $772,319 CAD |
Property Taxes
Parcel Number
14-00616-0000-00020
Land Assessment
$424,105 CAD
Improvements Assessment
$348,214 CAD
Total Assessment
$772,319 CAD
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23 Emerson Plz
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