Prime mixed-use investment opportunity in the heart of River Vale, offering exceptional visibility along highly trafficked Rivervale Road. This well-located property features a ground-floor retail space with strong street frontage and exposure, paired with a 2-bedroom, 1.5-bath residential unit aboveââ?¬â?creating a versatile income-producing asset ideal for both investors and owner-users. The retail component is well-suited for a variety of business uses, benefiting from consistent visibility and accessibility. The residential unit offers a functional layout with comfortable living space, providing stable supplemental income or the opportunity for owner occupancy. Currently undergoing renovation, this property presents a unique opportunity for buyers to acquire prior to completion and benefit from value appreciation. The seller is open to negotiations during the renovation phase, allowing flexibility for customization and investment strategy. Positioned in an affluent Bergen County community, this offering combines immediate income potential with long-term upside. Conveniently located near major roadways, shopping, and residential neighborhoods, enhancing both tenant demand and business exposure.
River Vale is located in New Jersey. River Vale, New Jersey has a population of 9,888. River Vale is more family-centric than the surrounding county with 41.02% of the households containing married families with children. The county average for households married with children is 35.18%.
The median household income in River Vale, New Jersey is $178,611. The median household income for the surrounding county is $109,497 compared to the national median of $69,021. The median age of people living in River Vale is 45.1 years.
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 18.8 degrees. The average rainfall is approximately 47.1 inches per year, with 27 inches of snow per year.