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1543 Palisade Ave
Fort Lee, NJ 07024
Retail Property For Sale
Investment Highlights
- Successful long-term tenant.
- Excellent traffic exposure.
- Busy business district.
- Renovated in 2011
Property Facts
Property Type
Building Size
2,637 SF
Building Class
C
Year Built/Renovated
1900/2011
Tenancy
Single
Building Height
3 Stories
Building FAR
1.01
Lot Size
0.06 AC
Zoning
C2
Parking
4 Spaces (1.52 Spaces per 1,000 SF Leased)
Frontage
About 1543 PALISADE AVE , FORT LEE, NJ 07024
Great investment opportunity you don't want to miss! Excellent traffic exposure and surrounded by hi-rise luxury residential buildings and businesses, this free standing commercial building is located in the heart of Fort Lee township. The property was renovated in 2011, and previously occupied by a long term successful tenant on NNN lease. The property comes with 4 parking spaces but plenty of metered street parking spaces around and municipal parking nearby. The basement area features appx 733 sqft of space, ground level features appx 1,392 sqft, and the second floor level features appx 690 sqft of space. Entrances on both Lemoine Ave and Palisade Ave. Rent: 12/1/2019 - 11/30/2020: $6,272/mo; 12/1/2020 - 11/30/2021: $6,460/mo.
Property Taxes
| Parcel Number | 19-03957-0000-00005 | Improvements Assessment | $60,400 |
| Land Assessment | $555,000 | Total Assessment | $615,400 |
Property Taxes
Parcel Number
19-03957-0000-00005
Land Assessment
$555,000
Improvements Assessment
$60,400
Total Assessment
$615,400
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