147 Chestnut St

Investment Highlights

Fully Rented Turn Key 2 story building Commercial long-term tenant is doing major renovations Value Add: B-2 zone allows to add more apartments or businesses with an additional third floor Mixed-use property with commercial and residential spaces Corner Property in Excellent Location

Executive Summary

Welcome to 147 Chestnut St, a prime mixed-use corner lot property offering an exceptional opportunity for investment in the heart of Roselle Park, NJ. This well-maintained 100% leased property boasts a perfect blend of commercial and residential spaces, providing a dynamic setup for various business ventures, and comes with an amazing value add option to build a 3rd floor. The ground floor features a spacious commercial store unit and with high visibility and foot traffic, this area offers a lucrative opportunity for any business to thrive. Currently, it is leased to a successful deli market tenant. The upper level has a residential space with living quarters that feature two apartments ? a 2 bedroom/1bath and a 1 bedroom/1bath. Bright and airy interiors complemented by features like hardwood floors, updated kitchens and baths and plenty of natural light create an inviting atmosphere for daily living. Conveniently located in a bustling area, this property enjoys close proximity to essential amenities, including shops, restaurants, parks, and public transportation options. Residents and businesses alike benefit from easy access to major highways and commuter routes, enhancing the property's desirability and accessibility. Don't miss this opportunity to own a versatile property with endless possibilities in Roselle Park. If you're an investor seeking an already profitable asset with amazing tenants as well as Value Add, 147 Chestnut St offers the ideal canvas for success. Schedule a showing today and unlock the potential of this exceptional mixed-use property! Please contact Claudia 201 803 1778 and/or Julia 732 266 6677 with further questions

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Storefront Retail/Residential Storefront Retail/Residential General Retail Fast Food General Retail Storefront Storefront Retail/Residential
• Building Size    5,250
• Building Class    C
• Year Built    1970
• Price    1,350,000
• Price Per SF    257
• Cap Rate    7.13
• NOI    96,306
• Percent Leased    100
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    1.30
• Land Acres    0.09 AC