3706 Park Ave
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3706 Park Ave
2,328 SF 100% Leased Retail Building Weehawken, NJ 07086 $1,000,000 ($430/SF) 6.67% Cap Rate
Investment Highlights
- First Floor Commercial Lease
- Walkable Location
- Convenient Infill Location
- Strong Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the mixed-use investment property located at 3706 Park Avenue in Weehawken, New Jersey (“the Property”). The Property is improved by a three-story building that contains three (3) units comprised of one commercial unit on the ground floor, and two (2), 2-Bedroom/1-Bathroom residential units on the upper floors. The building is situated on a 0.06-acre parcel of land. The Property is strategically located along Park Avenue, which is located in the heart of Weehawken. 3706 Park Avenue is just a short walk from Palisade Avenue and Bergenline Avenue, which along with Park Avenue are the area’s primary retail corridors. The location offers convenient access to a multitude of retail, dining, entertainment and transportation amenities in both Weehawken and neighboring Hoboken and Jersey City. Weehawken is a suburb of New York City, located in the heart of Hudson County within the New York metropolitan area. The affluent and densely populated area is 3-miles west of New York City.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,328 SF
Building Class
C
Year Built
1954
Price
$1,000,000
Price Per SF
$430
Cap Rate
6.67%
NOI
$66,727
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.89
Lot Size
0.06 AC
Zoning
RB-1
Frontage
17 FT on Park Ave
Amenities
- Bus Line
- Signage
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Rider's Paradise (91)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 11-00046-0000-00002 | Improvements Assessment | $432,800 |
Land Assessment | $250,000 | Total Assessment | $682,800 |
PROPERTY TAXES
Parcel Number
11-00046-0000-00002
Land Assessment
$250,000
Improvements Assessment
$432,800
Total Assessment
$682,800
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3706 Park Ave
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