Commercial space For Lease in Fort Lee, NJ
MLS# : 25037303
PROPERTY DETAILS
PROPERTY DESCRIPTION
Newly renovated free-standing retail building located in one of the best locations in Fort Lee. There are many high-rise buildings and a retail mall, and a hotel will be built across the street. Many potentials. Income-producing building: Cap rate 5.4% 1st Fl: Woori America: $41,140 a month w/NNN Until 06/30/2043, 2nd Fl: Hudson Manor $30,000 a month w/NNN Until 04/30/41 Ample parking on site, 40 parking spaces.Introducing a newly renovated, free-standing retail building situated in one of the prime locations in Fort Lee. The area features numerous high-rise buildings, a retail mall, and a hotel planned for construction across the street, creating significant growth and development opportunities. This income-generating property has a 5.4% cap rate. The first floor is leased to Woori America, generating $41,140 per month under a NNN lease that expires on June 30, 2043. The second floor is occupied by Hudson Manor, which contributes $30,000 per month under a NNN lease that runs through April 30, 2041. Additionally, there is ample on-site parking with 38 spaces.
Amenities
This listing is a courtesy of Alpine MC Realty LLC
201-429-2999 office, listing agent Woo H. Choi
About Fort Lee, NJ Real Estate Market
It is a great place to live and work with many restaurants, shops and options for a convenient lifestyle.
| Population: | 39,642 |
| Total Housing Units: | 17,315 |
| Single Family Homes: | 5,230 |
| General Tax Rate (2023): | 2.474% |
| Effective Tax Rate (2023): | 1.810% |
| Compare To Other Towns |
Fort Lee Market Indicators
PRICE INDEX
| Average Price* (12mo): | $1,174,407 |
| Homes Sold* (12mo): | 58 |
SINGLE FAMILY HOME SALES
Fort Lee, NJ
PRICE INDEX
| Average Price* (12mo): | $646,534 |
| Apatments Sold* (12mo): | 262 |
APARTMENT SALES
Fort Lee, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 2.474% |
| Effective Tax Rate (2023): | 1.810% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $899,000 - 4,499,999 | 5 |
| Condos : | $294,000 - 2,888,000 | 39 |
| Co-ops : | $1,350 - 950,000 | 88 |
| Twnhs : | $749,000 - 1,699,000 | 5 |
| 2-4 Fam : | $1,750,000 - 1,800,000 | 2 |
| 5+ Fam : | - | |
| Land : | $399,000 - 3,000,888 | 3 |
| Rentals : | $1,350 - 13,500 | 171 |
| Mixd Use : | $1,650,000 - 4,400,000 | 2 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $150,000 - 888,000 | 7 |
