810 Abbott BlvdFort Lee, NJ 07024

Property Details for 810 Abbott Blvd

Year built

1966

Construction

TYPE NOT SPECIFIED

Lot size

0.27 AC

Property size (Sq ft)

19,614 SF

Zone code

C2

Property type

Commercial real estate

APN

19 00552-0000-00018

APU

1900552000000018

Description

This exceptional four-story, 18,432-square-foot Class B medical office building in Fort Lee, New Jersey, presents a compelling investment opportunity. Located at 810 Abbott Blvd, 07024, this multi-tenant property boasts 16 units with 85% occupancy and a strong 5.00% cap rate. The asking price is $4,500,000, translating to $244.14 per square foot. Built in 1966, the building features spacious lobbies that can serve as auxiliary waiting rooms, providing ample space for patients. Convenient 24/7 access is ensured, along with a state-of-the-art HVAC system. Each suite is equipped with its own ventilation system, minimizing the risk of cross-contamination. The property benefits from a prime location with convenient parking options, including a municipal lot across the street and additional spaces adjacent to the building. Furthermore, tenants enjoy the added benefit of free senior shuttle bus service to and from the building, as well as a free shuttle to the new Edgewater Ferry Landing. This building offers a rare combination of features and location, making it an attractive investment in a highly sought-after market with limited medical office space due to stringent municipal parking requirements. This translates to a strong value proposition for medical tenants and a secure investment for the building owner.

Location Insight

City

Fort Lee

County

Bergen

State

New Jersey

Latitude

40.8316

Longitude

-73.9822

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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