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1636 Palisade Ave 7,200 SF 100% Leased Retail Building Fort Lee, NJ 07024 $15,625,855 CAD ($2,170.26 CAD/SF) 3.76% Cap Rate
Investment Highlights
- Great future project
- Great future project
Executive Summary
"PRICE REDUCED" for $11,5M, It's a great opportunity to purchase a commercial property (shopping mall at 1636 Palisade Ave, consisted of 5 retail spaces with 50 parking spaces, full occupied) Great potential for new develop projection in the future, locates in the center of the town and next to The Modern Luxury Complex.( Land 25,920SF, Improvement 7,200SF) Zoning Commercial, more information contact SK NJ Realty LLC. 201 417 0222. sknjrealty@yahoo.com
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,200 SF
Building Class
C
Year Built
1979
Price
$15,625,855 CAD
Price Per SF
$2,170.26 CAD
Cap Rate
3.76%
NOI
$587,282 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.55 AC
Zoning
C2 - COMMERCIAL
Parking
50 Spaces (6.94 Spaces per 1,000 SF Leased)
Frontage
180’ on Palisade Ave
Amenities
- Air Conditioning
- Smoke Detector
Exceptionally walkable
100/100
Exceptionally drivable
90/100
Strong public transit
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-04351-0000-00004 | Improvements Assessment | $606,157 CAD |
| Land Assessment | $3,616,508 CAD | Total Assessment | $4,222,665 CAD |
Property Taxes
Parcel Number
19-04351-0000-00004
Land Assessment
$3,616,508 CAD
Improvements Assessment
$606,157 CAD
Total Assessment
$4,222,665 CAD
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SKNJ Realty
1636 Palisade Ave
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