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.

Listing courtesy of Christian C. Di Stasio of Prominent Properties Sotheby's International Realty-Tenafly: [email protected]



The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by other brokerage firms are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information is deemed reliable but not guaranteed. Last checked: 2026-01-27 05:10 PM UTC
Source: New Jersey Multiple Listing Service, Inc.

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