For Lease
$19/SF/YR

15-01 BroadwayFair Lawn, NJ 07410

Prime Bergen County medical space.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 5,986 square foot medical office condominium in Fair Lawn, NJ, is available for sale or lease. Located within a larger 52,272 square foot, three-story medical building at 15-01 Broadway, this fully built-out space previously served as a surgical center, boasting two level C operating rooms, pre-op and post-op areas, waiting rooms, staff and conference rooms, and piped gases. The space is vacant and ready for immediate occupancy. The building features 27 individual condominiums, many occupied by medical professionals, reflecting the strong medical presence in Fair Lawn. The property benefits from excellent accessibility, situated less than two miles from Route 4 and conveniently close to major highways including the Garden State Parkway, I-80, and Route 17. Five major hospitals are located nearby. Fair Lawn boasts a robust demographic profile, with over one million people residing within a seven-mile radius and an average household income exceeding $134,000. The property includes 3.54 parking spaces per 1,000 square feet. The building was constructed in 1955. While previously subdivided into five units, this space is now consolidated into a single unit (Unit 1), although individual tax bills remain. The sale price is $1,406,000, and the lease rate is $19.00 per square foot, NNN. The property represents a unique opportunity to acquire a well-appointed medical office space in a high-demand location. Furniture, fixtures, and equipment are not included.

Highlights

  • Annual Real Estate Taxes: $44,335.85
  • Annual Condominium Association Fee: $43,117.00
  • Annual Property Insurance: $4,606.00
  • Net Rent: $19.00 per square foot (NNN)

Property Details for 15-01 Broadway

Property type
Retail properties, Office properties
RSF (Rentable sq. ft)
52,272 SF
Year Built
1955
Buildings
1
Stories
3

Unit(s) available at that property

Space
unit 1
Size
5,986 SF
Rate per SF
$19

Location Insight

City
Fair Lawn
County
Bergen
State
New Jersey
Latitude
40.9211736
Longitude
-74.1186281
15-01 Broadway, Fair Lawn, New Jersey

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15-01 Broadway
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