20 Mercer St
Hackensack, NJ 07601
Stillman Bldg · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Fully occupied office building located in an opportunity zone in the heart of the downtown revitalization of Hackensack.
- Situated within the Hackensack Delta Region, which includes zoning based on the redevelopment plan for the area.
- In the DRA, the redevelopment plan supersedes existing zoning to encourage and support redevelopment in an effort to improve economic opportunity.
- The property offers a value-add opportunity for an investor looking to capitalize on a fully leased building.
- Built in 1984 and completely renovated in 2009 with approximately 1,300 square feet of storage units on the fourth floor.
- Nearby national, regional, and local retailers including CVS, PNC Bank, Bro-Ritos, Angelo's Deli, Bangkok Garden, Pupuseria Las Americas, and more.
PROPERTY FACTS
Property Type
Office
Building Size
13,548 SF
Building Class
C
Year Built/Renovated
1984/2009
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,516 SF
Building FAR
1.41
Lot Size
0.22 AC
Zoning
B-2 - Central Business District
Parking
19 Spaces (1.4 Spaces per 1,000 SF Leased)
AMENITIES
- Property Manager on Site
PROPERTY TAXES
| Parcel Number | 23-00304-0000-00002 | Improvements Assessment | $1,334,000 |
| Land Assessment | $716,000 | Total Assessment | $2,050,000 |
