Listing Summary
VALUE-ADD RETAIL & REDEVELOPMENT OPPORTUNITY
Full Description
High-Yield Retail & Mixed-Use Redevelopment Opportunity
31,684 SF Strip Center | 100% Occupancy | Residential Intensification Potential
RAD Commercial Realty is proud to present an exceptional investment offering that combines robust immediate cash flow with a massive long-term redevelopment play. This 31,684-square-foot retail strip center is a rare "covered land play," currently operating at 100% occupancy while sitting on a site primed for significant residential density and modernization.
Immediate Income Stability: Diversified Revenue Streams
Unlike many redevelopment sites that carry high carrying costs, this asset is a self-sustaining income generator. The property features a resilient and diversified tenant base, ensuring the investor is cash-flow positive from day one.
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Nine (9) Distinct Income Streams: The tenancy is structured to mitigate risk through a blend of retail and residential components.
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Anchor-Tenant Security: The center is anchored by two established commercial tenants, providing a stable foundation for the property’s retail ecosystem.
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Residential Integration: In addition to the commercial storefronts, the property currently includes existing apartments, offering a unique mixed-use revenue profile.
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Full Occupancy: With 100% of the units currently leased, this asset is an ideal candidate for an investor seeking a secure "in-place" return while navigating the entitlement process for future expansion.
The Vision: Scale and Residential Transformation
The true "alpha" of this investment lies in its untapped development potential. The site is positioned for a vertical transformation that could dramatically increase the property's total valuation.
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33-Unit Residential Potential: Preliminary analysis indicates the site can support the development of up to 33 residential units, allowing a developer to pivot the asset into a high-density mixed-use landmark.
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Prior City Support: A significant hurdle in redevelopment is municipal approval. This project benefits from prior city support for higher density, substantially de-risking the entitlement phase for the incoming owner.
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Tax Abatement Incentives: The property may qualify for specific tax abatement programs, offering the potential to significantly lower operating expenses and boost the net internal rate of return (IRR) during the development lifecycle.
Site Infrastructure & Connectivity
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Ample On-Site Parking: The current layout includes a high parking-to-square-footage ratio, an essential asset for both the existing retail success and the future demands of a residential community.
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Strategic Urban Positioning: Located in a high-demand submarket where land for new construction is increasingly scarce, this 31,684 SF footprint represents a significant stake in the local commercial landscape.
Investment Summary & Outlook
| Metric |
Property Detail |
| Asset Type |
Retail Strip Center / Mixed-Use Redevelopment |
| Building Size |
31,684 SF |
| Current Occupancy |
100% |
| Current Units |
9 (Retail + Apartments) |
| Development Upside |
Up to 33 Residential Units |
| Financial Incentives |
Prior City Support & Tax Abatement Potential |
Confidential Inquiry & Financial Services
For a detailed rent roll, site plans, and redevelopment feasibility studies, please register at www.radcre.com or contact Majid directly at majid@radcre.com or 818-334-2111.
Financing Note: For competitive acquisition or construction bridge loans, RAD Capital Group offers specialized lending products for value-add retail and mixed-use projects. Explore our services at www.radcapgroup.com.
Quick Glance
- Listing ID:
CL-New Jersey-27508
- Status:
Active
- Year Build:
N/A
- Building Size:
31,684 SqFt
- Lot Size:
N/A