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$885,000
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Property Description
Prime investment opportunity! This three-unit strip mall is located in the heart of Elmwood Park's bustling downtown district. Situated on a 51x150 lot, the property offers excellent visibility on a high-traffic road, making it ideal for retail businesses looking to attract foot and vehicle traffic. With 10+ parking spaces conveniently located at the rear of the building, this property provides easy access for customers. Its strong rental history makes it a stable investment, with current tenants benefiting from the mall's high visibility and proximity to major highways, offering seamless access to Route 80, Route 46, and the Garden State Parkway. This versatile commercial property is perfect for investors or business owners looking for a well-maintained, high-traffic retail location in a growing area. Don't miss out on this rare opportunity to own a piece of Elmwood Park's thriving commercial landscape!
Full Property Details
Full Property Details for 198 Market St
General
- Sold For: $885,000
- Taxes: $13,554
- Status: Closed
- Type: Retail
- Source: NJMLS
- MLS ID: 24033752
- Added to Site: 494 day(s) ago
Location
- Area: Elmwood Park
- County: BERGEN
Heating & Cooling
- Heating Type: Gas
Utilities
- Utility Description: Sep Elec, Sep Gas, Seperate Heat
Structural Information
- Architectural Style: Retail
- Description/Design: Strpmall
Water Features
- Water Front Desc.: None
Financial Considerations
- Tax Amount: $13,554
Disclosures and Reports
- Ownership: Private
- Flood Zone: None
Listed and Sold by Serhant New Jersey LLC (646) 480-7665, Michael Todaro (201) 522-7641
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Schools
Schools serving 198 Market St
School District:Elmwood Park Borough School District
| Name | Grades | Distance |
|---|---|---|
Gantner Avenue Elementary School 99 Roosevelt Avenue, Elmwood Park, NJ 07407 | PK-5 | 0.6 mi |
Elmwood Park Middle School 375 River Drive, Elmwood Park, NJ 07407 | 6-8 | 0.7 mi |
Memorial Sr High School 375 River Drive, Elmwood Park, NJ 07407 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 198 Market St
Date
Details
Price
Change
Source
3/27/2025
Sold
$885,000
1.14%
MLS
10/18/2024
Listed
$875,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
198 Market Street, Elmwood Park, NJ 07407 (MLS# 24033752) is a Retail property that was sold at $885,000 on March 27, 2025. Want to learn more about 198 Market Street? Do you have questions about finding other Retail real estate for sale in Elmwood Park? You can browse all Elmwood Park real estate or contact a Coldwell Banker agent to request more information.

