$1,700,000
24 Little Falls Rd Fairfield Twp., NJ 07004
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$1,700,000
Est. payment /mo
4,584 SqFt
Under Contract
24 Little Falls Rd Fairfield Twp., NJ 07004
UPDATED:
11/09/2024 01:48 PM
Key Details
Property Type Commercial
Listing Status Under Contract
Purchase Type For Sale
Square Footage 4,584 sqft
Price per Sqft $370
MLS Listing ID 3893940
Year Built 1979
Annual Tax Amount $15,779
Tax Year 2023
Lot Size 0.660 Acres
Property Description
Prime Commercial Property- Prime commercial real estate property located in the heart of Fairfield.- Features a shopping strip with five distinct units suitable for various businesses.- Offers ample parking, attracting a steady flow of customers.- Strategically located near major routes RT 48 and 80 for high visibility and easy access.- Low rent that has remained unchanged for the past seven years.- Opportunity for the new owner to increase the rent by 10% to 15% with a new triple net lease agreement.- All units are currently occupied, demonstrating sustained demand.- Tenants are responsible for their own utilities, reducing the owner's operational costs.- Presents a lucrative investment opportunity with immediate returns and promising future growth.This prime property is a commercial real estate gem located in the bustling heart of Fairfield. It features a shopping strip with five distinct units, each boasting its own unique potential for various retail or service-based businesses. ------------------------------------
Location
State NJ
County Essex
Zoning Commercial
Rooms
Basement Partial
Interior
Heating Gas-Natural
Cooling Central Air, See Remarks
Flooring Laminate
Equipment Fire Alarm, Restrooms - Private, Sign - Building, Sign - Freestanding, Smoke Detector
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block, Concrete
Utilities Available All Underground
Roof Type Flat
Building
Lot Description Level Lot
Story 1
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by RE/MAX SELECT
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