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$8,990,000 Just Listed
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Property Description
Exceptional, high-visibility commercial investment on River Drive featuring two standalone, well-maintained buildings with long-tenured, qualified tenants and a diverse, service-driven tenant mix. Building One offers approximately 29,000 SF and is occupied by 14 established tenants, including personal care, retail, fitness/sports recreation, and restaurant uses. Notably, the property features an impressive Indoor soccer facility on the third floor and a popular upscale bar/restaurant. The site is supported by approximately 75 parking spaces, providing a rare convenience for a multi-tenant asset of this size. Building Two is fully occupied by a well-known local grocery store, serving as a daily-needs anchor for the surrounding community. The property sits directly across from The Venetian and benefits from strong daily traffic counts along River Drive. Surrounded by national retailers such as The Home Depot, the location offers excellent consumer draw and long-term stability. Immediate access to New Jersey Route 21, New Jersey Route 17, and U.S. Route 46 further enhances regional connectivity. A rare opportunity to acquire a turnkey, income-producing commercial asset in a prime Bergen County corridor with strong in-place cash flow and future upside. Positioned for both immediate income and long-term appreciation, this asset offers investors a compelling blend of location, tenancy, visibility, parking, and durable commercial demand.
Full Property Details
Full Property Details for 517 River Dr
General
- Price: $8,990,000
- Taxes: $90,085
- Status: Active
- Type: Office
- Source: NJMLS
- MLS ID: 26016782
- Updated: Today (5/8/2026)
- Added to Site: Today
Location
- Area: Garfield
- County: BERGEN
Heating & Cooling
- Heating Type: Gas, Hot Air
Utilities
- Utility Description: Sep Water, Seperate Heat
Structural Information
- Architectural Style: Office
- Description/Design: General
Water Features
- Water Front: Yes
- Water Front Desc.: River Front
Financial Considerations
- Tax Amount: $90,085
Disclosures and Reports
- Ownership: Private
- Flood Zone: Yes00 Year, Lender May Require Insurance
Listed by Compass New Jersey, LLC-Jersey City (201) 627-4947, Joseph Zisa (201) 694-8202
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Price & Sales History for 517 River Dr
Date
Details
Price
Change
Source
5/08/2026
Listed
$8,990,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 517 River Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$90,433
7%
$2,710,000
—
2022
$84,525
3%
$2,710,000
—
2021
$82,059
7%
$2,710,000
—
2018
$76,991
-2%
$2,710,000
—
2019
$78,753
4%
$2,710,000
—
2017
$75,636
3%
$2,710,000
—
2016
$73,387
3%
$2,710,000
—
2015
$71,571
11%
$2,710,000
8%
2014
$64,275
2%
$2,500,000
—
2013
$63,050
—
$2,500,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 517 River Dr
517 River Drive, Garfield, NJ 07026 (MLS# 26016782) is a Office property. 517 River Drive is currently listed for $8,990,000 and was received on May 08, 2026. Want to learn more about 517 River Drive? Do you have questions about finding other Office real estate for sale in Garfield? You can browse all Garfield real estate or contact a Coldwell Banker agent to request more information.

