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545 Mola Blvd 6,344 SF 100% Leased Retail Building Elmwood Park, NJ 07407 $2,212,000 CAD ($348.68 CAD/SF) 3.21% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy Foot Traffic from 7am to 7pm, Month to Month Lease
- 11 Car Parking, 6 car parking for rental apartment , Close to major highways Rt 46,4,80 & Garden State Parkway
- 2nd Floor 3 bedroom/3 bathroom rental, private parking Month to Month Lease
EXECUTIVE SUMMARY
Prime Location to all major highways! Commercial/Mixed Use building with great parking!!! New Roof, New Retaining wall, Updated Kitchen & Baths on 2nd floor. Basement storage used by Liquor store. Central Air 1st floor, window air condition units on 2nd floor.
1st Floor currently rented for 10 years as a Liquor Store Rental: $6,250/M-M Total $75,000 Annually
Residential 3/3 Rental 2nd floor Unit: $3,000 M-M Total $36,000 Annually. Separate entrance.
2 Furnaces, 2 Water Heaters, upgraded electrical panels
Separate Utilities
Current Insurance: $6,600/year
2024 Taxes $17,671
Aluminum Siding, Block Masonry building.
Flat, Asphalt Newer Roof.
Major Highways are close by Rt's 80, 46, 4 and Garden State Parkway!
1st Floor currently rented for 10 years as a Liquor Store Rental: $6,250/M-M Total $75,000 Annually
Residential 3/3 Rental 2nd floor Unit: $3,000 M-M Total $36,000 Annually. Separate entrance.
2 Furnaces, 2 Water Heaters, upgraded electrical panels
Separate Utilities
Current Insurance: $6,600/year
2024 Taxes $17,671
Aluminum Siding, Block Masonry building.
Flat, Asphalt Newer Roof.
Major Highways are close by Rt's 80, 46, 4 and Garden State Parkway!
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
6,344 SF
Building Class
C
Year Built/Renovated
1940/2024
Price
$2,212,000 CAD
Price Per SF
$348.68 CAD
Cap Rate
3.21%
NOI
$70,908 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.46
Lot Size
0.10 AC
Zoning
Commercial/Mixed Use - Mixed use-Liquor Store/Package Goods, 2nd floor 3 bedroom/2 Bath rental Both Non owner
Parking
5 Spaces (0.79 Spaces per 1,000 SF Leased)
AMENITIES
- Fenced Lot
- Security System
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Balcony
- Fiber Optic Internet
- Smoke Detector
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-01408-0000-00003 | Improvements Assessment | $104,081 CAD |
| Land Assessment | $704,688 CAD | Total Assessment | $808,769 CAD |
PROPERTY TAXES
Parcel Number
11-01408-0000-00003
Land Assessment
$704,688 CAD
Improvements Assessment
$104,081 CAD
Total Assessment
$808,769 CAD
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Presented by
Aldo's Realty
545 Mola Blvd
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