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25 E. Salem 25 E Salem St 80,688 SF 100% Leased Office Building Hackensack, NJ 07601 For Sale
Investment Highlights
- Excellent regional connectivity with proximity to major highways, NJ Transit rail and bus service, and Newark Liberty International Airport.
- Surrounded by significant multifamily growth, with over 3,795 units built since 2016 and additional units under construction or proposed.
Executive Summary
25 East Salem is a well-maintained office building that offers efficient, flexible workspace for a range of professional uses. The Property benefits from excellent regional connectivity, with close access to major highways, public transit, and a wide range of nearby amenities. Adaptable floor plates, solid construction, on-site parking, and strong regional accessibility make it a practical choice for a variety of tenants.
The Property also has potential for redevelopment. It sits within a rapidly evolving part of Hackensack where demand for residential, mixed-use, and medical continues to grow. Its lot size, zoning flexibility, and proximity to major transportation corridors make it attractive for higher-density alternative uses. As the surrounding area continues to revitalize, the Property’s location will become even more valuable for developers seeking a well-positioned infill opportunity
The Property also has potential for redevelopment. It sits within a rapidly evolving part of Hackensack where demand for residential, mixed-use, and medical continues to grow. Its lot size, zoning flexibility, and proximity to major transportation corridors make it attractive for higher-density alternative uses. As the surrounding area continues to revitalize, the Property’s location will become even more valuable for developers seeking a well-positioned infill opportunity
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
80,688 SF
Building Class
B
Year Built
1965
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
12,600 SF
Building FAR
1.97
Lot Size
0.94 AC
Opportunity Zone
Yes
Zoning
B-2 - Business-Commercial
Amenities
- Signage
- Air Conditioning
- Smoke Detector
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 23-00309-0000-00001 | Improvements Assessment | $4,091,500 |
| Land Assessment | $1,408,500 | Total Assessment | $5,500,000 |
Property Taxes
Parcel Number
23-00309-0000-00001
Land Assessment
$1,408,500
Improvements Assessment
$4,091,500
Total Assessment
$5,500,000
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25 E. Salem | 25 E Salem St
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