715 Hamburg Tpke
Pompton Lakes, NJ 07442
Retail Property For Sale

The Thurston Group at Marcus & Millichap is pleased to present a mixed use property located at 715 Hamburg Turnpike, Pompton Lakes, New Jersey. This 2 story mixed use Retail/Office/Storage/Multifamily property offers a truly unique asset type for private investors. The property consists of 1 retail tenant, 10 multifamily units (4 Two Bedroom and 6 One Bedroom units), 1 office unit with a bathroom and 4 storage units. All apartment bathrooms were completely renovated in 2013. The property provides an aggregated total square feet of 12,135. The subject property offers convenient access to Route 287 and I-80 two major roadways in NE New Jersey with connections to NJ and NY and is located just 27 miles from NYC. As of 2017, Average Household income was $134,487. The present population of Pompton Lakes is 10,370. Situated on busy Hamburg Turnpike, this asset sees a large daily traffic count of 21,134 . There is significant upside in this deal for a new owner who can raise current apartment rents to market value and fill up the vacant storage units. Bus Lines 197 and 748 have round trips from Willowbrook to NYC stopping a minute walk from the Subject Property. Additionally, this provides a rare opportunity to enter into the prime Pompton Lakes market. The town is seeing a tremendous amount of revitalization including that of the brick Town Center Building at 223 Wanaque Avenue less than 1 mile away north on Hamburg Turnpike, which will be converted into 5 stories of mixed-use retail and residential space. Further construction projects are being conducted in close proximity to the asset, including the renovation of an office/medical building at 735 Hamburg Turnpike, just two doors away.