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Listed by Woo H. Choi Alpine MC Realty LLC
$13,900,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26007011
Style Retail
Property Sub-Type Retail
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.
Location
State NJ
County Bergen
Interior
Heating Central Air, Gas, Hot Air
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