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Investment Highlights

  • Great Visibility
  • Renovated
  • Open Plan
  • Heavy Traffic

Executive Summary

Prime Retail / Commercial Building for Sale – 801 Palisade Ave, Fort Lee, NJ
Excellent investment or owner-user opportunity located on highly desirable Palisade Avenue in the heart of Fort Lee’s busy commercial corridor. Surrounded by dense residential neighborhoods, restaurants, retail, and professional services, this location benefits from strong visibility and steady customer traffic.
The building offers approximately 5,000 SF per floor (total approx. 10,000 SF). The second floor is currently leased to a gym, providing immediate rental income, while the first floor is owner-occupied and will be delivered vacant at closing, offering excellent flexibility for an owner-user or the opportunity to lease at market rent.
The property underwent extensive renovations in 2016, including updates to the roof, plumbing, exterior walls, interior finishes, flooring, water heater, and HVAC systems, enhancing overall building condition and functionality.
Both floors feature efficient square layouts with high ceilings, allowing flexible use for a variety of commercial purposes such as medical office, dental practice, showroom, education center, fitness facility, professional office, or other retail and service uses.
Although there is no on-site parking, the property benefits from ample street parking and convenient access to nearby municipal parking facilities, including a public parking lot located approximately one block away.
Conveniently located near Route 46, I-95, and the George Washington Bridge, providing excellent regional accessibility to Manhattan and surrounding Bergen County markets.
Rare opportunity to acquire a well-maintained commercial building with existing income, immediate occupancy potential, and long-term upside in one of Fort Lee’s most active retail corridors.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
C
Year Built/Renovated
1950/2016
Price
$4,455,068 CAD
Price Per SF
$445.51 CAD
Percent Leased
Vacant
Building Height
2 Stories
Building FAR
1.91
Lot Size
0.12 AC
Zoning
C-2
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100

Nearby Major Retailers

ConnectOne Bank
Td Bank
Valley National Bank
Oritani Bank
Original Pancake House
Chase Bank
Anytime Fitness
Club Pilates
Pure Barre
Whole Foods Market

Property Taxes

Property Taxes

Parcel Number
19-00551-0000-00018
Land Assessment
$497,600 CAD
Improvements Assessment
$818,237 CAD
Total Assessment
$1,315,837 CAD
  • Listing ID: 39854469

  • Date on Market: 2024-12-04

  • Last Updated:

  • Address: 801 Palisade Ave, Fort Lee, NJ 07024

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