11
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$1,295,000
Est. payment /mo
4,400 SqFt
New
580 Lafayette Ave Hawthorne Boro, NJ 07506
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Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,400 sqft
Price per Sqft $294
MLS Listing ID 4042119
Year Built 1988
Annual Tax Amount $17,084
Tax Year 2025
Property Sub-Type Mixed Use
Property Description
Exceptional mixed-use investment opportunity at 580 Lafayette Avenue in Hawthorne, fully leased and producing stable income.The property features two street-level retail spaces, a nail salon and a clothing boutique both equipped with central air, plus two residential apartments above: one three-bedroom unit and one two-bedroom unit that can easily be made a 3 bd, both maintained in very nice condition. Ea. apt. is leased for $2,500 m with tenants responsible for their own heat, hot water, and electricity.The commercial tenants contribute toward common area maintenance expenses, with increases over the established base year, providing built-in potential for continued income growth.The property also includes six dedicated rear parking spaces, an invaluable amenity for both residential and commercial tenants.Ideally positioned along bustling Lafayette Avenue, the property offers excellent visibility and is surrounded by some of Hawthorne's most popular destinations, including Angelina's Fine Italian Deli, Bottagra Restaurant, Macaluso's renowned wedding and event venue, Goffle Creamery, the Passaic County Arts Center at the John W. Rea House, and beautiful Goffle Brook Park.Residents, customers, and visitors enjoy a vibrant neighborhood atmosphere with convenient access to shopping, dining, recreation, NJ Transit, and major highways. A solid income-producing asset today with long-term value-add potential, this property is ideal for either an investor or an owner-occupant.
Location
State NJ
County Passaic
Zoning 4A
Rooms
Basement Full, Storage
Interior
Heating Gas-Natural
Cooling Central Air
Equipment Smoke Detector
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Utilities Available Gas-Natural
Roof Type Asphalt Shingle, Flat
Building
Lot Description Irregular Lot
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by THE AGENCY ONE ROCK
