91 Clinton RdFairfield, NJ 07004

Property Details for 91 Clinton Rd

Year built

1988

Construction

TYPE NOT SPECIFIED

Property size (Sq ft)

1,700 SF

Zone code

R-1

Property type

Office properties

APN

07 00501-0000-00013-0000-C0005

APU

07005010000000130000C0005

Description

This exceptional Class B office condo in Clinton Plaza, Unit 1D, offers an outstanding value in the desirable West Essex submarket of Fairfield. Spanning just under 1,000 square feet, this traditional office space boasts newer carpeting and a private entrance, enhancing privacy and professionalism. The layout includes a welcoming reception area, followed by a spacious second office cleverly partitioned into two separate rooms, providing flexibility for various work styles and team configurations. One assigned parking space is included, along with convenient access to visitor parking. The unit's features are ideal for professionals seeking a well-appointed and functional workspace. Utilities are shared with the landlord, with tenants contributing a fixed monthly fee for shared expenses. The strategic location near Route 46 and Bloomfield Avenue ensures easy access to major transportation arteries, simplifying commutes and client visits. The minimum divisible space is 950 square feet, and the maximum contiguous space available is also 950 square feet, making this a perfect fit for a single professional or a small team. This is a multiple tenancy building.

• CAP approach

  CAP return

  Valuation

  6%

  $318,536

  6.5%

  $294,033

  7%

  $273,030

• Comparable approach

  Method

  Valuation

  Relative Method

  $222,122

  Geo Method

  $222,122

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $578,883

  Retail / Commercial

  $296,848

  Mixed-Use / Specialty

  $295,790

  Hospitality / Lodging

  $217,012

  Institutional / Educational

  $307,502

  Residential Income

  $359,778

  Multifamily

  $431,498

  Automotive / Energy

  $263,574

  Parking / Income-Based Land

  $90,956

  Restaurant / Food Service

  $153,843

  Healthcare / Senior Housing

  $303,327

Location Insight

City

Fairfield

County

Essex

State

New Jersey

Latitude

40.8636

Longitude

-74.3147

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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