Columbia Bank-Anchored Investment with 3,500 SF Vacant Suite

1027 Pompton Ave sits on Route 23 (Pompton Avenue) in Cedar Grove, one of Essex County's established suburban business corridors. The property is surrounded by local favorites including The Wood Pit, Agamie's and Cedar Grove Bagels, and is close to Cedar Grove Park. Route 23 frontage and quick access to Route 46 put the surrounding Essex and Passaic County communities within easy reach for employees, patients and clients.A rare chance to acquire a bank-anchored investment with in-place income and built-in upside. Columbia Bank occupies the ground floor under a 5-year lease running through 2029, paying $16,198.25 per month ($194,379 annually) with 3% annual rent increases and a 5-year renewal option, providing the next owner with stable cash flow and long-term tenant security. The vacant 3,500 SF second-floor suite offers immediate upside: lease it to a new tenant to grow NOI, or occupy it as an owner-user while the bank lease offsets carrying costs. Offered at $2,450,000, a 7.93% cap rate on in-place income, the property appeals to both investors seeking secure income with growth potential and owner-users looking for a high-visibility Route 23 location.Approximately 3,500 SF of second-floor office/medical space is available at 1027 Pompton Ave in Cedar Grove. The building fronts Route 23 at a signalized intersection, offering excellent visibility and convenient access to surrounding communities and major roadways. The space suits medical, professional or administrative users and includes elevator access, on-site parking and prominent signage opportunities. Columbia Bank anchors the ground floor. Asking rent: $20.00/SF NNN.