2027 Center Ave

2027 Center Ave , Fort Lee, New Jersey, 07024 | 3,015 sq.f | $ 1,650,000

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About This Restaurant

Investment Highlights

Excellent visibility and traffic exposure Front Parking Spaces (3 + 4 Tendem) Two-story, Two-Tenant Retail Building

Executive Summary

Two-story Two-tenant retail building with three parking spaces in the front and four tandem parking spaces on the right side of the building. The subject building is approximately block away from the entrance to George Washington Bridge on Center Ave with heavy traffic exposure. The municipal parking lot is right across the building. Occupied by very successful beauty skin care on the second floor and thriving hair salon on the first floor. Both tenants have annual rent increases. All utilities paid by tenants, Separate Gas & Electric meters for each tenant and proportionately shared water bill. There is no CAM except snow removal. Excellent location, long-term investment opportunity with upside potential.

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Retail
  • Building Size    3,015
  • Building Class    C
  • Year Built/Renovated    1950/2008
  • Price    1,650,000
  • Price Per SF    547
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    2 Stories
  • Building FAR    0.77
  • Land Acres    0.09 AC

Nearby Amenities & Transportation

Retail Starbucks
Retail Bank of America
Retail Bank of Hope
Retail Chase Bank
Retail Capital One
Retail Club Pilates
Retail Wells Fargo Bank
Retail Cyclebar
Retail Citi
Retail TD Bank

Property Taxes

Parcel Number 19-04651-0000-00010 Improvements Assessment $600,000
Land Assessment $600,300 Total Assessment $1,200,300
Date Created: 2024-07-16 04:16:26 Last Updated: 2024-07-16 04:16:26
Address: 2027 Center Ave , Fort Lee, New Jersey, 07024