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Commercial Sale For Sale

402 Broad Avenue, Palisades Park, NJ 07650

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Property Description

Ideally positioned on the corner of the town’s main commercial corridor with exceptional foot and vehicular traffic, this well maintained Broad Avenue mixed use building offers a rare investment opportunity. The property is anchored by a Banner Deli & Liquors, a long standing ground floor commercial tenant with over 50 years of continuous operating history (business also available for purchase), providing stable income and strong visibility. The street level commercial space features a full kitchen, customer bathroom, dinning area, retail space and a full basement with dedicated office space, dry and cold storage. (Fixtures/appliances are the property of the tenant). The second floor of the building includes two, 2 bedroom residential apartments with separate entrances. Additional income generation opportunity comes from two static billboard advertising placements, with upside potential through conversion to a digital billboard (subject to municipal approvals and permits). In a cash scenario the property delivers a 6.98% cap rate, with a current monthly rent roll of approximately $12,800, annual gross income of $153,000 and an annual NOI of approximately $139,600 per year. Please note: Seller is retiring and intends to sell the building and comm. business located on the ground level of the property (NJ MLS #26002004) as a package or sell the business prior to closing on the building if separately sold.

Basic Details
Property Type:
Commercial Sale
Listing Type:
For Sale
Listing ID:
26001935
Price:
$1,749,888
Year Built:
1900-1939,1940's
Status:
Active Under Contract
Office Name:
Prominent Properties Sotheby's International Realty-Tenafly
Agent Name:
Christian
Roof:
Flat
Features
Architectural Style:
Res/Com Mixed
Address Map
Country:
US
State:
NJ
County:
BERGEN
City:
Palisades Park
Zipcode:
07650
Street:
Broad
Street Number:
402
Street Suffix:
Avenue
Longitude:
W74° 0' 13.5''
Latitude:
N40° 51' 0.1''
Additional Information
On Market Date:
2026-01-16
Financial
Tax Annual Amount:
11800
Listing Information
List Agent Mls Id:
1015509
List Office Mls Id:
48001
Mls Status:
Under Contract
Modification Timestamp:
2026-01-29T19:22:46Z
Originating System Name:
njmls
Status Change Timestamp:
2026-01-29
Commercial Sale For Sale
Listing ID:
26001935
$1,749,888
Agent info
Contact Agent

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