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2015 Center Ave
Fort Lee, NJ 07024
Retail Property For Sale
EXECUTIVE SUMMARY
Professional office/retail building for Sale. Located at the heart of Fort Lee Township. Excellent traffic exposure with 1/2 block to GWB and Main St. and right across from Fort Lee municipal parking garage. In-site parking available for 7-8 cars and ample street parking available. 1st floor tenant - well established dentist office with 2 years+5 years lease option. 2nd floor - owner occupies with 2-3 year lease-back option. CAP Rate approximately 5%. Great investment building in Fort Lee town Center.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
2,208 SF
Building Class
C
Year Built/Renovated
1960/2016
Price
$1,929,900 CAD
Price Per SF
$874.05 CAD
Cap Rate
5%
NOI
$96,495 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.51
Lot Size
0.10 AC
Zoning
C1 - Commercial
Parking
12 Spaces (3.62 Spaces per 1,000 SF Leased)
Frontage
44’ on Center Avenue
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 19-04651-0000-00013 | Improvements Assessment | $215,830 CAD |
| Land Assessment | $692,051 CAD | Total Assessment | $907,882 CAD |
PROPERTY TAXES
Parcel Number
19-04651-0000-00013
Land Assessment
$692,051 CAD
Improvements Assessment
$215,830 CAD
Total Assessment
$907,882 CAD
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