Business For Sale in Palisades Park, NJ
MLS# : 24034571
PROPERTY DETAILS
PROPERTY DESCRIPTION
Situated in the bustling Palisades Park, this restaurant is located on 322 Commercial Ave, in one of the most sought-after areas for dining, especially for Korean cuisine. Palisades Park is a vibrant hub known for its rich cultural diversity and flourishing restaurant scene. The area draws a steady flow of both local residents and visitors, thanks to its proximity to major highways and easy access to New York City. The location is surrounded by thriving businesses and residential neighborhoods, ensuring consistent foot traffic and a strong customer base. This prime spot offers excellent visibility and accessibility, making it ideal for a restaurant business.
Amenities
This listing is a courtesy of Prominent Properties Sotheby's International Realty-Edgewater
(201) 840-8898 office, listing agent Michelle Han
About Palisades Park, NJ Real Estate Market
The foundation of Palisades Park as a modern borough got laid in 1899 under an act of the New Jersey Legislature. A few portions of Ridgefield Township got included for the formation of Palisades Park, which seeks inspiration from its location, which is at the top of New Jersey Palisades.
As said above, it is densely inhabited by Koreans, which form around 65 per cent of the total population of the borough. The borough is also known as ‘Little Korea’ and ‘Koreatown on the Hudson’ by the American natives. Even the central business district located around Broad Avenue is known as Koreatown due to the rich ethnicity of Koreans in the area. In 2015, a proposal for changing the name of Broad Avenue to ‘Korea Way’ was introduced by the Korean-American Association of Palisades Park to the mayor of the town. The influence of Korean culture is evident in this part of New Jersey real estate too.
| Population: | 19,622 |
| Total Housing Units: | 7,362 |
| Single Family Homes: | 3,547 |
| General Tax Rate (2023): | 1.479% |
| Effective Tax Rate (2023): | 1.317% |
| Compare To Other Towns |
Palisades Park Market Indicators
PRICE INDEX
| Average Price* (12mo): | $798,811 |
| Homes Sold* (12mo): | 21 |
SINGLE FAMILY HOME SALES
Palisades Park, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 1.479% |
| Effective Tax Rate (2023): | 1.317% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $459,000 - 1,529,007 | 5 avail |
| Condos : | $309,000 - 1,380,000 | 14 avail |
| Co-ops : | - | |
| Twnhs : | $859,000 - 1,349,999 | 8 avail |
| 2-4 Fam : | $779,000 - 1,950,000 | 9 avail |
| 5+ Fam : | - | |
| Land : | $4,000,000 - 4,000,000 | 1 avail |
| Rentals : | $1,800 - 6,500 | 46 avail |
| Mixd Use : | $1,890,000 - 1,890,000 | 1 avail |
| Com S : | - | |
| Com L : | - | |
| Biz : | $110,000 - 2,300,000 | 9 avail |
