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1095 Palisade Ave
Fort Lee, NJ 07024
1095 Palisade Avenue, Fort Lee, NJ · Office Property For Sale
Executive Summary
Exceptional investment opportunity regarding a prime mixed-use property. This turnkey, 4-story building was meticulously renovated and expanded in 2015 and 2021, offering 5,070 sqft of versatile space on a 9,527 sqft lot. - Commercial Space (1st Floor): Features a separate entrance, office space, a small kitchen, a large high-ceilinged workshop, and a powder room. This layout is ideal for professional services such as Doctors, Attorneys, CPAs, or an Art school. - Residential Layout (Upper Levels): Includes an open-concept living/dining area, a gourmet kitchen with direct backyard access, 3 full baths, and up to 3 bedrooms (including a master suite with a walk-in closet and private office) - Storage & Parking: The building includes a massive basement for storage and a rare 10-car on-site private parking lot. Located in a high-traffic area, this property offers unmatched investment potential and high rental yield with just a few professional updates.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
3,644 SF
Building Class
B
Year Built
1954
Price
$1,700,000
Price Per SF
$466.52
Cap Rate
5%
NOI
$85,000
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
1,822 SF
Building FAR
0.38
Lot Size
0.22 AC
Zoning
R1
Property Taxes
| Parcel Number | 19-00853-0000-00003 | Improvements Assessment | $400,000 |
| Land Assessment | $316,800 | Total Assessment | $716,800 |
Property Taxes
Parcel Number
19-00853-0000-00003
Land Assessment
$316,800
Improvements Assessment
$400,000
Total Assessment
$716,800
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