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584-588 Us Highway 46 East 4,000 SF 100% Leased Retail Building Fairfield, NJ 07004 $1,550,000 ($387.50/SF)
Investment Highlights
- Great Highway Location on Route 46 in Fairfield, NJ
Executive Summary
Incredible Redevelopment or Investment Opportunity! 2 Properties being sold together. 584 and 588 US Highway 46. An office builiding and a residential home. #588 is a 1572 sq ft office building with recent upgrades including newer steps, roof, well, furnace. Zoned HD, special highway development Oversized detached garage, lots of parking, backyard. #584 is 1562 sq ft and is a 3 bedroom cape cod home with a backyard and is currently being rented. Zoned C1 but grandfathered as residential. Together, these properties offer excellent highway frontage, strong visibility, making them ideal for investors owner occupants, or developers seeking a prime location with multiple possibilities.
As per Zoning, #588 is grandfathered residential as long as it remains residential. Please have buyer confirm with town.
As per Zoning, #588 is grandfathered residential as long as it remains residential. Please have buyer confirm with town.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,000 SF
Building Class
C
Year Built
1932
Price
$1,550,000
Price Per SF
$387.50
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.22
Lot Size
0.42 AC
Zoning
HD Spcl Highway Develop - #584 is Zoned C1 Commercial
#588 is Zoned HD Special Highway ReDevelopment
Parking
10 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
185’ on Route 46 East
Amenities
- Freeway Visibility
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-03302-0000-00006 | Improvements Assessment | $151,700 |
| Land Assessment | $266,500 | Total Assessment | $418,200 |
Property Taxes
Parcel Number
07-03302-0000-00006
Land Assessment
$266,500
Improvements Assessment
$151,700
Total Assessment
$418,200
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584-588 Us Highway 46 East
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