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215 Main St 7,500 SF 100% Leased Office Building Fort Lee, NJ 07024 $4,790,000 ($638.67/SF) 4.76% Cap Rate
Investment Highlights
- Situated in Fort Lee’s established Main Street commercial corridor with strong local presence.
- Offers convenient access to Manhattan and nearby business districts.
- Surrounded by a mix of professional offices, retail, and dining options.
- Well positioned within a walkable downtown area with steady daily activity.
Executive Summary
Well-maintained, free-standing commercial building for sale! This is a great investment opportunity.100% leased. 6 tenants: 3 retail and restaurant. This is a fantastic investment opportunity, as the property is 100% leased with six tenants: three retail and restaurant businesses and two office spaces. A new roof was installed in 2023, and the air conditioners were replaced recently. The property generates a net operating income (NOI) of $228,154 per year, with an average annual increase of 3% to 4%.
Located in the central business district, this building benefits from a prime location. At the rear of the property, there is a newly constructed municipal parking facility and park. High-rise luxury residential rental buildings, a variety of restaurants and cafes, a theater, and a large shopping mall also surround the area.
Located in the central business district, this building benefits from a prime location. At the rear of the property, there is a newly constructed municipal parking facility and park. High-rise luxury residential rental buildings, a variety of restaurants and cafes, a theater, and a large shopping mall also surround the area.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
7,500 SF
Building Class
C
Year Built
1987
Price
$4,790,000
Price Per SF
$638.67
Cap Rate
4.76%
NOI
$228,154
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,750 SF
Building FAR
1.01
Lot Size
0.17 AC
Zoning
C1, Fort Lee Boro. - Commercial
Parking
3 Spaces (0.4 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- K fancy
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| K fancy | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
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Exceptionally walkable
90/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 19-04751-0000-00020 | Improvements Assessment | $622,200 |
| Land Assessment | $720,000 | Total Assessment | $1,342,200 |
Property Taxes
Parcel Number
19-04751-0000-00020
Land Assessment
$720,000
Improvements Assessment
$622,200
Total Assessment
$1,342,200
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215 Main St
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