Commercial space For Lease in Palisades Park, NJ
MLS# : 23035402
PROPERTY DETAILS
PROPERTY DESCRIPTION
Prime retail space is available for lease in the prestigious Twin Plaza on Broad Avenue in Palisades Park. The available space is approximately 550 SF (including common areas) and is centrally located on the 1st floor of the building. It has great exposure on the busy Broad Avenue. It has been used as a men's clothing store, but would be perfect for any other type of business (sorry No cooking, No food businesses) Parking is conveniently located in the back. Asking rent is $3,500/month and its including CAM, parking & property tax. Tenants responsible for own utilities and insurance. Come and see it today as it will not last long.
Amenities
This listing is a courtesy of Good Neighbor Realty LLC
(201) 461-4989 office, listing agent Justin Kang
About Palisades Park, NJ Real Estate Market
The foundation of Palisades Park as a modern borough got laid in 1899 under an act of the New Jersey Legislature. A few portions of Ridgefield Township got included for the formation of Palisades Park, which seeks inspiration from its location, which is at the top of New Jersey Palisades.
As said above, it is densely inhabited by Koreans, which form around 65 per cent of the total population of the borough. The borough is also known as ‘Little Korea’ and ‘Koreatown on the Hudson’ by the American natives. Even the central business district located around Broad Avenue is known as Koreatown due to the rich ethnicity of Koreans in the area. In 2015, a proposal for changing the name of Broad Avenue to ‘Korea Way’ was introduced by the Korean-American Association of Palisades Park to the mayor of the town. The influence of Korean culture is evident in this part of New Jersey real estate too.
| Population: | 19,622 |
| Total Housing Units: | 7,362 |
| Single Family Homes: | 3,547 |
| General Tax Rate (2021): | 1.584% |
| Effective Tax Rate (2021): | 1.357% |
| Compare To Other Towns |
Palisades Park Market Indicators
PRICE INDEX
| Average Price* (12mo): | $698,866 |
| Homes Sold* (12mo): | 13 |
SINGLE FAMILY HOME SALES
Palisades Park, NJ
REAL ESTATE TAXES
| General Tax Rate (2021): | 1.584% |
| Effective Tax Rate (2021): | 1.357% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $550,000 - 1,630,000 | 5 avail |
| Condos : | $200,000 - 1,488,000 | 17 avail |
| Co-ops : | - | |
| Twnhs : | $469,000 - 1,349,000 | 22 avail |
| 2-4 Fam : | $575,000 - 2,698,000 | 18 avail |
| 5+ Fam : | - | |
| Land : | $4,000,000 - 4,000,000 | 1 avail |
| Rentals : | $1,800 - 7,995 | 37 avail |
| Mixd Use : | $1,890,000 - 1,890,000 | 1 avail |
| Com S : | - | |
| Com L : | - | |
| Biz : | $7,900 - 1,850,000 | 10 avail |
