15-01 BroadwayFair Lawn, NJ 07410

  • Office properties
  • 996 SF
For Sale
$280,000 View listing

Property Details for 15-01 Broadway

Year built
1954
Lot size
1.75 AC
Property size (Sq ft)
996 SF
Property type
Office properties
Property subtype
Other office properties
APN
17 04317-0000-00012-0000-C010A
APU
17043170000000120000C010A

Description

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
    $188,482
    Hospitality
    $172,649
    Educational
    $143,642
    Medical
    $148,582
    Retail
    $223,443
15-01 Broadway, Fair Lawn, New Jersey

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

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
$6,336
$49,800
$129,500
$179,300
-
$49,800
$129,500
$179,300

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