Commercial space For Sale in Fair Lawn, NJ
 

MLS# : 23028835

Street : 12-56 River Road
Price : $4,950,000
Town : Fair Lawn, NJ 07410
Annual Taxes : $72,197

PROPERTY DETAILS

Use : Retail
Type : Free Standing
Utilities : O/See Rmks, Sep Elec, Sep Gas, Sep Heat, Sep Water
Heat/Cool : Baseboard, Central Air, Gas, Hot Water, Wall A/C
Waterfront : None

PROPERTY DESCRIPTION

KW Commercial and The Elia Realty Group are proud to present an exciting new investment opportunity in Fair Lawn, NJ. Located just miles from NYC, this mixed-use retail / residential investment is prime for a savvy or novice investor dipping their toe into the investment pool. The property consists of 14 total units, with a breakdown of 4 retail storefront spaces and 10 residential apartments. The building is all brick consisting of approx. 13,469 sqft on three floors and was built in 2007 and has been maintained in excellent condition throughout its ownership lifetime. With the ability to consistently escalate rents in an attractive Northern, NJ town, this investment is ready for a buyer looking to purchase on a 1031 exchange, or to park money and watch it grow year over year.

Amenities

This listing is a courtesy of Keller Williams City Views Realty
(201) 592-8900 office, listing agent Bruce Elia, Jr.

About Fair Lawn, NJ Real Estate Market

Located at 10 miles from New York City, Fair Lawn is a small borough and a part of Bergen County in New Jersey state. It is one of the most densely populated boroughs in New Jersey, with around 32,500 people living in the town. Fair Lawn is often regarded as one of the top ten places for living in New Jersey. Even the town's motto is - a great place to visit and a better place to live, officially coined by Jake Jonso.

Fair Lawn was formed in 1924 from the portions of Saddle River Township by an act of the New Jersey Legislature. The borough seeks its name from the estate home of David Acker, ”Fairlawn”, which was built in 1865 and later on became the municipal building of the town. In 1933, the borough was renamed from Fairlawn to Fair Lawn.

Due to its proximity to New York City, Fair Lawn has become one of the most sought-after places for those working professionals and commuters who want more affordable small-sized homes for sale in New Jersey. The town is well-connected to New York City by railroad and has two prominent stations, Radburn and Broadway. Radburn is one of the first planned communities in Fair Lawn, which was founded in 1929 and is home to Radburn Plaza, one of the best architectural marvels of the town.
Population:  32,457
Total Housing Units:  12,266
Single Family Homes:  10,209
General Tax Rate (2021):  3.455%
Effective Tax Rate (2021):  2.624%
Compare To Other Towns

Fair Lawn Market Indicators

PRICE INDEX

Average Price* (12mo):  $597,736
Homes Sold* (12mo):  292
PRICE INDEX
SINGLE FAMILY HOME SALES

Fair Lawn, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX
 

Download Full Home Sales Report

REAL ESTATE TAXES

General Tax Rate (2021):  3.455%
Effective Tax Rate (2021):  2.624%
GENRAL TAX RATE - Fair Lawn, NJ



MADISON ADAMSTM

office: 201-760-1100
84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)

Contact Info

FOR APPOINTMENTS CONTACT


Sales Associate
201-724-6913 (cell)

Madisom Adams Sales Associate Carmela Maggio


Sales Associate
201-725-1170 (cell)

Madisom Adams Sales Associate Juan Carlos Guevara


Managing Partner
Broker Associate
646-279-8233 (cell)

Madisom Adams Broker Associate Helena Lobo-Zagorski


Real estate inventory
Fair Lawn
Homes : $399,988 - 1,250,000 25 avail
Condos : -
Co-ops : $300,000 - 300,000 1 avail
Twnhs : $679,000 - 679,000 1 avail
2-4 Fam : -
5+ Fam : -
Land : -
Rentals : $2,100 - 4,100 14 avail
Mixd Use : -
Com S : -
Com L : -
Biz : -


Similar Listings in Fair Lawn

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Madison Adams are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
NJMLS is the owner of the copyrights of the listing content displayed for IDX. The NJMLS Internet Data Exchange Logo is a service mark owned by the NJMLS, Inc. All information deemed reliable but not guaranteed. Last date updated: 09/23/2023 00:05 AM Source: New Jersey Multiple Listing Service, Inc. “©2023 New Jersey Multiple Listing Service, Inc. All rights reserved.”


General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.

Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.

Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury

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Madison AdamsTM

84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201 760-1100 (office)
201 760-1102 (fax)
office@madisonadams.com