583 Broadway
Exceptional mixed-use opportunity in the heart of Westwood—featuring multiple income streams, strong
Marketing description
Exceptional opportunity in the heart of Westwood’s thriving downtown district. This well-positioned property offers a flexible, income-generating layout suitable for both investors and owner-occupants. The first level features an established hair studio with strong street exposure and consistent foot traffic. The upper levels include an office and a residential apartment, offering versatile use options for rental income, live/work arrangements, or expanded business operations. At the rear of the property, a three-bay garage adds further value and is currently utilized for additional income, enhancing overall cash flow potential. Ideally situated near local shops, dining, and NJ Transit, the property offers excellent accessibility and strong long-term growth prospects within desirable Bergen County. A rare chance to acquire a well-located asset with multiple income streams and significant upside potential.
Investment highlights
- Prime downtown Westwood location with strong visibility and foot traffic
- Mixed-use layout: retail, office, and residential for diversified income
- Established hair studio providing stable, in-place cash flow
- Additional income from upper-level office and residential unit
- Three-bay garage at rear generating supplementary revenue
- Ideal for investors or owner-occupants (live/work potential)
- Proximity to shops, dining, and NJ Transit enhances tenant demand
- Located in desirable Bergen County with strong long-term appreciation potential
- Value-add opportunity through rent optimization or repositioning
- Multiple income streams help mitigate risk and increase overall return
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