Main Street Village Hackensack NJ

Execute CA

The Offering

Address

292 Main Street
Hackensack, NJ 07601

Overview

As exclusive agent, Cushman & Wakefield is pleased to offer a 100% fee interest in Main Street Village. This offering represents the unique opportunity to acquire a rare mixed-use redevelopment site located in an Opportunity Zone in the heart of downtown Hackensack, New Jersey.

The site consists of 0.85 acres improved with two existing buildings. The first is a 2 story 22,820 square foot mixed-use building. The second is a one story 3,363 square foot retail building. Both buildings share a parking lot with approximately 55 asphalt paved surface parking spaces.

Hackensack’s town wide redevelopment-plan has assigned the site a “Main Street Rehabilitation Area” designation, which permits mixed-use developments including residential above retail/commercial, residential lining around a parking structure, or residential uses over a parking structure, among other uses.

Investment Highlights

• Located in an Opportunity Zone

• Zoning Allows for 5-story MXD with Residential Above Commercial

• Existing Commercial Tenants On Month-to-Month Leases to Allow for In-Place Cash Flow With Optionality On Timing of Redevelopment

• Hackensack is in an Transformative Stage Towards Live/Work/Play Community

• Situated on "Main Street" in the Heart of Walkable Downtown Hackensack

• Located Between Two Major Commuting Highways (Route 4 & I-80); 12 Miles from NYC

• Walkable to an NJ-Transit Train Station With Access to NY's Penn Station in 35 Minutes

Location

Investment Sales

  BRIAN J. WHITMER Vice Chairman + 1 201 508 5209 brian.whitmer@cushwake.com ANDREW J. MERIN Executive Vice Chairman + 1 201 460 3358 Andrew.merin@cushwake.com DAVID W. BERNHAUT Executive Vice Chairman + 1 201 460 3356 david.bernhaut@cushwake.com SETH POLLACK Director + 1 201 508 5322 seth.pollack@cushwake.com RYAN W. DOWD Director + 1 201 508 5278 ryan.dowd@cushwake.com PETER WELCH Financial Analyst + 1 201 508 5290 peter.welch@cushwake.com TRANSACTION MANAGEMENT   JAMES T. YAMAUCHI Senior Director + 1 201 460 3378 james.yamauchi@cushwake.com