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25-15 Fair Lawn Ave 25-15 Fair Lawn Ave 12,052 SF 100% Leased Office Building Fair Lawn, NJ 07410 $2,895,000 ($240.21/SF) 6.33% Cap Rate
Investment Highlights
- In the heart of Fair Lawn, NJ
- 45 on-site parking spaces
- The property is surrounded by shops, restaurants, apartments, and residential neighborhoods
- Close proximity to Route 208 and Route 17
Executive Summary
Great investment opportunity with great income in the heart of Fair Lawn, NJ. This well-maintained 11,600 SF professional medical building features six units and is ideally situated in one of Bergen County’s most sought-after medical corridors, in the center of Fair Lawn. Located in the vibrant center of town, the property is surrounded by shops, restaurants, apartments, and residential neighborhoods, offering strong visibility and steady foot traffic. Just steps from the Radburn train station, the building provides excellent accessibility. This two-story medical office building is fully updated with bright interiors and professional finishes throughout. Strong long-term tenants with solid leases are in place, providing stable income. Additional highlights include 45 on-site parking spaces and close proximity to Route 208, Route 17, shopping, transit, and community amenities. A turn-key asset in a high-demand location.
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
12,052 SF
Building Class
C
Year Built
1972
Price
$2,895,000
Price Per SF
$240.21
Cap Rate
6.33%
NOI
$183,225
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,026 SF
Building FAR
0.46
Lot Size
0.60 AC
Zoning
R-3-2 - Office, Medical, R-3-2 Multifamily Residential
Parking
45 Spaces (3.73 Spaces per 1,000 SF Leased)
Amenities
- Property Manager on Site
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 17-03709-0000-00002 | Improvements Assessment | $214,100 |
| Land Assessment | $1,285,900 | Total Assessment | $1,500,000 |
Property Taxes
Parcel Number
17-03709-0000-00002
Land Assessment
$1,285,900
Improvements Assessment
$214,100
Total Assessment
$1,500,000
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25-15 Fair Lawn Ave | 25-15 Fair Lawn Ave
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