517 River Drive, Garfield, NJ, 07026 — Photo 11 / 25
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$8,990,000

517 River Drive, Garfield, NJ, 07026

MLS# 26016782

Active172d on market

1.259 acres (54,842 sqft)

Lot Size

Commercial — Office

Property Type

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.

Tax & Financial Information

Annual Property Taxes$90,433 (NJ Public Records)
Tax Assessment$2,710,000
Land Assessment$901,000
ListedMay 8, 2026

Listing Information

Listing Office: Compass New Jersey, LLC-Jersey City — 201-627-4947

Listing Agent: Joseph Zisa — 201-694-8202 — jzisa@lifestyleir.com

Information deemed reliable but not guaranteed. Data provided for consumer's personal, non-commercial use only. Last updated: 9/21/2026.

Total Monthly Cost

$65,421/mo

NJ has the highest property taxes in the US. This is your real cost.

Mortgage (30yr, 6.75%)$46,647
Property Taxes$7,536
Homeowner Insurance$3,746
Est. Maintenance$7,492
Total$65,421

Down: $1,798,000 | Loan: $7,192,000

Estimates for informational purposes only. Insurance, maintenance, and flood costs are approximations. Consult a lender and insurance agent for accurate quotes.

Commute From This Home

Garfield

🚂
Transit to NYC Penn

Bergen County Line

42 min
🚗
Drive to NYC (Midtown)
30 min
🚂
Transit to Hoboken
32 min
🚗
Drive to Hoboken/JC
18 min
🚗
Drive to Newark
18 min
🚉

Garfield Station

~0.3 mi from town center

Monthly Pass(Zone 4)$170/mo

Commute times are peak-hour estimates based on NJ Transit schedules and typical traffic. Actual times may vary. Drive times assume weekday morning rush hour.

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