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INVESTMENT HIGHLIGHTS
- Recently renovated exterior with modern facade
- Located in Pilgrim Shopping Plaza with national co-tenants
- 133’ of prime frontage on high-traffic Pompton Avenue
EXECUTIVE SUMMARY
Located in the vibrant Pilgrim Shopping Plaza along Route 23, this 8,400 SF single-tenant retail building offers a prime opportunity for owner-users or investors seeking visibility, accessibility, and strong demographics. The property features a recently renovated façade and exterior upgrades, enhancing curb appeal and positioning it well for retail, restaurant, or service-oriented uses. With 133 feet of frontage on Pompton Avenue and 42 dedicated parking spaces, the site ensures excellent customer access and convenience.
The building spans three floors and previously operated as a restaurant, making it well-suited for food service conversion or adaptive reuse. The RC zoning provides flexibility for a range of commercial uses. Surrounding tenants include national brands such as Crunch Fitness, Staples, Massage Envy, and GNC, contributing to consistent foot traffic and a strong co-tenancy environment.
Demographics within a 1-mile radius show an average household income of $131,744, with nearly 28,000 residents and over 600 businesses within a 5-mile radius. This affluent and dense consumer base supports a wide range of retail and service concepts. The property’s location near Montclair and Verona adds to its regional appeal, with proximity to major thoroughfares and public transit options.
The building spans three floors and previously operated as a restaurant, making it well-suited for food service conversion or adaptive reuse. The RC zoning provides flexibility for a range of commercial uses. Surrounding tenants include national brands such as Crunch Fitness, Staples, Massage Envy, and GNC, contributing to consistent foot traffic and a strong co-tenancy environment.
Demographics within a 1-mile radius show an average household income of $131,744, with nearly 28,000 residents and over 600 businesses within a 5-mile radius. This affluent and dense consumer base supports a wide range of retail and service concepts. The property’s location near Montclair and Verona adds to its regional appeal, with proximity to major thoroughfares and public transit options.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,400 SF
Building Class
C
Year Built
1937
Price
$3,280,412 CAD
Price Per SF
$390.53 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.36
Lot Size
0.53 AC
Zoning
RC, Cedar Grove
Parking
37 Spaces (4.4 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04-00027-0000-00201 | Improvements Assessment | $276,803 CAD |
| Land Assessment | $1,013,439 CAD | Total Assessment | $1,290,241 CAD |
PROPERTY TAXES
Parcel Number
04-00027-0000-00201
Land Assessment
$1,013,439 CAD
Improvements Assessment
$276,803 CAD
Total Assessment
$1,290,241 CAD
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