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2357-2361 Lemoine Ave
Fort Lee, NJ 07024
Auction | 60% Occupied Mixed Use Building · Office Property For Sale
Investment Highlights
- STARTING BID $600,000 | 33K VPD | 1-Mile to GW Bridge| AUCTION SEPTEMBER 12-14, 2022
- 60% Occupied by Professional and Residential Tenants on Short Term Leases Allowing for Huge Upside via Aggressive Lease-Up Strategies/Soft Reposition
- Conveniently Located just One Mile North of NJ-Turnpike, I-80, Route 4, Route 46, Route 9W, and George Washington Bridge
- Mixed-Use Office, Multi-Family, and Storage within Affluent NYC Suburb
- Central Location with Frontage on Lemoine Avenue benefitting from Traffic Counts over 33,000 VPD
- Incredible Demographics with over 1.7 million People within Five Miles and an Average Annual Household Income over $128,000 within One Mile
Property Facts
Property Type
Office
Property Subtype
Building Size
12,040 SF
Building Class
C
Year Built
1930
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,020 SF
Slab To Slab
10’
Building FAR
0.64
Lot Size
0.43 AC
Zoning
C2
Parking
16 Spaces (1.33 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Numbers | Improvements Assessment | $448,800 | |
| Land Assessment | $1,596,000 | Total Assessment | $2,044,800 |
Property Taxes
Parcel Numbers
Land Assessment
$1,596,000
Improvements Assessment
$448,800
Total Assessment
$2,044,800
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