Mixed-Use

10-12 N 3rd Street

10 N 3rd St, Harrison, NJ 07029

Listing Price: $850,000

Cap Rate
1.00%
Number of Units
5
Occupancy
60.0%
Price/Unit
$170,000
Price/Gross SF
$130.77
Gross SF
6,500

Investment Overview

Marcus & Millichap has been exclusively selected to market for sale 10-12 N 3rd Street in Harrison, New Jersey. 10-12 N 3rd Street is a mixed-used building consisting of a large commercial component under four apartments. It is an excellent opportunity for an owner user or potential redevelopment. The seller is also separately selling the bar with liquor license at an asking price of $300,000. There is a tremendous amount of upside both in the apartment units and in the commercial space. Harrison has no rent control laws which would allow an investor to immediately begin unlocking the value of the property. The property sits on a 50 by 100 lot and has the additional potential for redevelopment for re-positioning a portion of the bar into apartments and to build additional stories for additional units. 10-12 N 3rd Street is an opportunity to acquire both a unique piece of up and coming Harrison, New Jersey and an investment with incredible upside. Seller is also offering attractive seller financing to help an investor redevelop and carry the costs of the building.

Investment Highlights

  • Incredibly Strong Rental Market
  • Mixed-Use Building With Commercial Component And Four Apartments
  • Harrison Has No Rent Control; Major Upside In Low Rent Roll
  • Plenty Of Re-Development Potential
  • Desirable Location In Up & Coming Harrison

Exclusively Listed By

Listing Price: $850,000

Cap Rate
1.00%
Number of Units
5
Occupancy
60.0%
Price/Unit
$170,000
Price/Gross SF
$130.77
Gross SF
6,500

Investment Highlights

  • Incredibly Strong Rental Market
  • Mixed-Use Building With Commercial Component And Four Apartments
  • Harrison Has No Rent Control; Major Upside In Low Rent Roll
  • Plenty Of Re-Development Potential
  • Desirable Location In Up & Coming Harrison

Investment Overview

Marcus & Millichap has been exclusively selected to market for sale 10-12 N 3rd Street in Harrison, New Jersey. 10-12 N 3rd Street is a mixed-used building consisting of a large commercial component under four apartments. It is an excellent opportunity for an owner user or potential redevelopment. The seller is also separately selling the bar with liquor license at an asking price of $300,000. There is a tremendous amount of upside both in the apartment units and in the commercial space. Harrison has no rent control laws which would allow an investor to immediately begin unlocking the value of the property. The property sits on a 50 by 100 lot and has the additional potential for redevelopment for re-positioning a portion of the bar into apartments and to build additional stories for additional units. 10-12 N 3rd Street is an opportunity to acquire both a unique piece of up and coming Harrison, New Jersey and an investment with incredible upside. Seller is also offering attractive seller financing to help an investor redevelop and carry the costs of the building.

Exclusively Listed By

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