HACKENSACK, N.J. - TelAve -- Commercial Strip Mall at 341–345 Essex Street in Hackensack Sells for Over $3 Million

Hackensack, NJ – 2/19/2026 – The multi-tenant commercial strip mall located at 341–345 Essex Street in Hackensack has successfully sold for over $3,060,000, further reinforcing investor confidence in Bergen County's evolving retail investment landscape.

Jorge Aviles represented the buyer in the acquisition of the well-positioned neighborhood retail center. The property's strategic location along Essex Street—just minutes from Hackensack University Medical Center—was a major driver behind the investment decision. As one of the largest and most respected healthcare institutions in the region, the medical center generates consistent daily traffic from employees, patients, and visitors, creating strong support for surrounding retail businesses.

In addition to its proximity to the hospital, the asset benefits from Hackensack's ongoing redevelopment and wave of new residential construction. Over the past several years, the city has experienced significant growth with new luxury rental buildings, mixed-use developments, and infrastructure improvements transforming the downtown corridor. This continued expansion has increased population density and consumer demand, strengthening the long-term fundamentals for retail properties in the area.

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The strip mall features multiple storefronts occupied by neighborhood-serving businesses, providing stable in-place income with future upside potential. Its location offers excellent accessibility to Routes 4, 17, and Interstate 80, making it a convenient destination for both local residents and commuters.

"This acquisition reflects our client's confidence in Hackensack's long-term growth trajectory," said Jorge Aviles. "With its proximity to Hackensack University Medical Center and the significant amount of new residential development underway, this property is positioned to benefit from sustained foot traffic and continued economic expansion."

The transaction highlights the ongoing demand for stabilized, income-producing retail assets in high-growth Northern New Jersey markets.

For more information regarding commercial investment opportunities in Bergen County, please contact:

Jorge Aviles
Licensed Real Estate Advisor
Prominent Properties Sotheby's
https://www.prismregroup.com
862-208-9478 / jorgeaviles@prismregroup.com