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Retail Space 447 Broadway 8,400 SF 100% Leased Retail Building Westwood, NJ 07675 For Sale



Investment Highlights
- Stand alone 8400 sq.ft retail/restaurant property in the heart of Westwood, NJ. Incredible Parking available
Executive Summary
Rare opportunity to acquire a prime downtown retail property in the heart of Westwood, one of Bergen County’s most active and affluent retail corridors. Positioned along a high-visibility, pedestrian-friendly street, this asset is well suited for a wide range of retail, service, or experiential concepts seeking long-term stability in a supply-constrained market.
The building offers a flexible, well-maintained commercial layout with strong frontage, excellent ceiling heights, and infrastructure capable of accommodating national, regional, or boutique retail users. In addition, two existing tenants generate approximately $67,000 in annual rental income, effectively offsetting real estate taxes and contributing to immediate positive cash flow.
Key investment highlights include:
• Prime downtown Westwood location with strong retail synergy
• Flexible commercial zoning supporting multiple retail and service uses
• Existing rental income streams that reduce carrying costs
• Dense demographics and consistent foot traffic
• Close proximity to NJ Transit and major Bergen County roadways
Alternate Use (Currently Configured as a Restaurant
For buyers seeking a food-and-beverage opportunity, the property also includes a fully built-out restaurant and bar space, allowing a qualified operator to capitalize on existing improvements and a rare, transferable liquor license.
The interior offers quality finishes and a functional layout suitable for full-service dining, craft cocktail concepts, or upscale casual use. Importantly, the real estate fundamentals and supplemental rental income generating $67K yearly.
Restaurant-related highlights:
• Turnkey restaurant and bar buildout
• Ownership of both real estate and liquor license
• Existing tenant income helping offset operating expenses
• Downtown location with established dining traffic
The building offers a flexible, well-maintained commercial layout with strong frontage, excellent ceiling heights, and infrastructure capable of accommodating national, regional, or boutique retail users. In addition, two existing tenants generate approximately $67,000 in annual rental income, effectively offsetting real estate taxes and contributing to immediate positive cash flow.
Key investment highlights include:
• Prime downtown Westwood location with strong retail synergy
• Flexible commercial zoning supporting multiple retail and service uses
• Existing rental income streams that reduce carrying costs
• Dense demographics and consistent foot traffic
• Close proximity to NJ Transit and major Bergen County roadways
Alternate Use (Currently Configured as a Restaurant
For buyers seeking a food-and-beverage opportunity, the property also includes a fully built-out restaurant and bar space, allowing a qualified operator to capitalize on existing improvements and a rare, transferable liquor license.
The interior offers quality finishes and a functional layout suitable for full-service dining, craft cocktail concepts, or upscale casual use. Importantly, the real estate fundamentals and supplemental rental income generating $67K yearly.
Restaurant-related highlights:
• Turnkey restaurant and bar buildout
• Ownership of both real estate and liquor license
• Existing tenant income helping offset operating expenses
• Downtown location with established dining traffic
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,400 SF
Year Built/Renovated
1938/2024
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.96
Lot Size
0.20 AC
Zoning
CBD - Central Business District
Frontage
47’ on 447 Broadway
Amenities
- Courtyard
- Restaurant
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
Walk Score®
Very Walkable (89)
Nearby Major Retailers
Property Taxes
| Parcel Number | 67-00807-0000-00003 | Total Assessment | $3,140,750 CAD (2025) |
| Land Assessment | $542,920 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $2,597,830 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
67-00807-0000-00003
Land Assessment
$542,920 CAD (2025)
Improvements Assessment
$2,597,830 CAD (2025)
Total Assessment
$3,140,750 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Photos
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Street
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Retail Space | 447 Broadway
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