Commercial space For Lease in Palisades Park, NJ
MLS# : 26020896
PROPERTY DETAILS
PROPERTY DESCRIPTION
Positioned on arguably one of the most visible and heavily trafficked corners in all of Palisades Park, this exceptional mixed-use investment opportunity sits at the prominent intersection of Broad Avenue and the Route 46 access ramp. The property consists of six income-producing unitsâ€â€three street-level commercial spaces and three residential apartmentsâ€â€offering investors a rare combination of immediate cash flow, long-term stability, and significant upside potential. Extensively maintained and recently improved, the property benefits from separate gas and electric meters for all units, minimizing landlord expenses and simplifying management. A dedicated 12-space private parking lot further enhances tenant convenienceâ€â€an increasingly valuable amenity along one of Bergen County's busiest commercial corridors. The location is the true centerpiece of this investment. Situated in the heart of Palisades Park's thriving commercial district, the property enjoys unparalleled visibility, constant vehicle exposure, substantial pedestrian traffic, and direct access to major transportation routes. NYC-bound bus service is located immediately outside the building, providing convenient commuter access and supporting strong residential and commercial demand. The surrounding area continues to experience significant redevelopment and investment activity, reinforcing the long-term strength of this corridor.
Amenities
This listing is a courtesy of RE/MAX NOW - Palisades Park
201-891-8000 office, listing agent Kay Suh
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: | 20,192 |
| Total Housing Units: | 7,612 |
| Single Family Homes: | 1,277 |
| Apartments: | 6,300 |
| General Tax Rate (2025): | 1.463% |
| Effective Tax Rate (2025): | 1.393% |
| Compare To Other Towns |
Palisades Park Market Indicators
PRICE INDEX
| Average Price* (12mo): | $889,389 |
| Homes Sold* (12mo): | 13 |
SINGLE FAMILY HOME SALES
Palisades Park, NJ
REAL ESTATE TAXES
| General Tax Rate (2025): | 1.463% |
| Effective Tax Rate (2025): | 1.393% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $538,000 - 1,475,000 | 2 |
| Condos : | $359,000 - 1,549,000 | 18 |
| Co-ops : | - | |
| Twnhs : | $574,000 - 1,475,000 | 11 |
| 2-4 Fam : | $925,000 - 2,800,000 | 10 |
| 5+ Fam : | $4,100,000 - 4,100,000 | 1 |
| Land : | $599,000 - 599,000 | 1 |
| Rentals : | $1,350 - 6,000 | 64 |
| Mixd Use : | $4,100,000 - 4,100,000 | 1 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $2,000 - 600,000 | 15 |
