Courtesy: ELITE REALTORS OF NEW JERSEY
973-994-9009
Value-Add Mixed-Use Opportunity with Residential Unit, Garage & Redevelopment Potential Exceptional mixed-use property offering approximately 5,200 square feet of flexible space, including a large commercial storefront, attached garage, expansive second-floor retail/warehouse area, a spacious 3-bedroom, 1.5-bath apartment, and a full finished basement providing additional usable space for storage, operations, or a variety of potential uses. The versatile layout provides endless possibilities for investors, business owners, developers, or owner-occupants. Potential uses include retail, office, warehouse, contractor space, live/work arrangements, or the creation of additional residential units, subject to municipal approvals. Situated on an approximately 60' x 125' lot, the property features a massive fenced backyard with potential for additional parking, outdoor storage, or future expansion. Existing parking includes a front driveway, oversized garage, additional frontage parking, and ample street parking. Pro Forma Income Potential Residential Apartment: $3,500-$4,000/month ($42,000-$48,000/year)Commercial Space (Approx. 4,000 SF): $8,000/month ($96,000/year)Projected Gross Income: $11,500-$12,000/month ($138,000-$144,000/year)A rare opportunity to acquire a highly adaptable mixed-use property with strong income potential, a full finished basement, and significant upside for future growth.
Totowa is located in New Jersey. Totowa, New Jersey has a population of 11,013. Totowa is less family-centric than the surrounding county with 28.69% of the households containing married families with children. The county average for households married with children is 29.96%.
The median household income in Totowa, New Jersey is $103,419. The median household income for the surrounding county is $78,386 compared to the national median of $69,021. The median age of people living in Totowa is 43 years.
The average high temperature in July is 84.9 degrees, with an average low temperature in January of 20.3 degrees. The average rainfall is approximately 49.3 inches per year, with 23.6 inches of snow per year.
