This exceptional 5,500-square-foot medical office space is ideally situated at 15-01 Broadway in Fair Lawn, New Jersey, 07410. The property boasts a highly desirable single-tenant occupancy, offering complete control and flexibility for the right medical practice. The entire building is currently vacant, presenting a unique opportunity for a business to establish a prominent presence in a thriving community. Located on the corner of Summit Avenue and Broadway, this location offers excellent visibility and accessibility for patients and staff. The building's total square footage is 5,500 square feet, providing ample space for various medical specialties, including waiting areas, examination rooms, administrative offices, and support spaces. The address is easily accessible from major roadways, ensuring convenient access for patients and employees. This property presents a rare chance to secure a fully functional, well-located medical office building in a prime New Jersey location. The building is ready for immediate occupancy, allowing for a swift and efficient transition for your practice. This is an exceptional opportunity for a medical practice seeking a standalone building in a high-traffic area. The property's location at the corner of Summit Avenue and Broadway provides significant visibility and accessibility. The building's size and layout are adaptable to a variety of medical practices.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$164,669
6.5%
$152,002
7%
$141,144
Comparable approach
Method
Valuation
Relative Method
$130,137
Geo Method
$130,137
Alternative Use
Use
Valuation
Residential Income
$188,482
Hospitality / Lodging
$172,649
Institutional / Educational
$143,642
Healthcare / Senior Housing
$148,582
Retail / Commercial
$223,443
Location Insight
City
Fair Lawn
County
Bergen
State
New Jersey
Latitude
40.9211
Longitude
-74.1186
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Broadway Fair Lawn, NJ 07410
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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