160 Lanza AveGarfield, NJ 07026

For Sale
$2,200 View listing
  • Commercial real estate
  • 0.38 AC

Property Details for 160 Lanza Ave

Lot size
0.38 AC
Property type
Commercial real estate
APN
21 00193-0000-00041
APU
2100193000000041

Description

This exceptional 1100-square-foot office space, situated in Garfield, NJ's Opportunity Zone, presents a fantastic opportunity for medical, professional, or laboratory businesses. Located in a modern elevator building with assigned parking and convenient basement storage, this suite boasts five fully equipped offices or exam rooms, a reception area, a private bathroom, a dedicated office, and a combined lunch/changing room. The space is well-appointed with built-in cabinetry and sinks, reflecting a high level of finish. The building offers added security features including security cameras and a well-maintained lobby. Tenants benefit from a gas HVAC system with central air conditioning, although utilities and common area maintenance are tenant responsibilities. Flexible lease terms are available, ranging from three to five years with renewal options. The property is fully ADA compliant and includes a fire protection connection. Its strategic location across from a school and near bus lines ensures high visibility and accessibility. Convenient access to major roadways, including Routes 21, 46, 80, the Garden State Parkway, and NJ Transit train and bus lines, further enhances its appeal. The building's exterior is slated for repainting by the end of summer. Signage opportunities are available on the building's front. The property sits on a 0.38-acre lot and is conveniently located outside of any flood zone.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,122,634
    Hospitality
    $2,860,316
    Educational
    $2,379,750
    Medical
    $2,461,593
    Retail
    $3,701,833
160 Lanza Ave, Garfield, New Jersey

Location Insight

City
Garfield
County
Bergen
State
New Jersey
Latitude
40.8865
Longitude
-74.1196
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$46,785
$470,300
$1,029,700
$1,500,000
-
$470,300
$1,029,700
$1,500,000

FAQs

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