2 Forest AveOradell, NJ 07649

Property Details for 2 Forest Ave

Construction

BRICK

Lot size

0.77 AC

Property type

Commercial real estate

APN

44 00503-0000-00064

APU

4400503000000064

Description

This exceptional office property, located at 2 Forest Avenue in Oradell, New Jersey, presents a unique investment opportunity. While the square footage is currently unavailable, the property is situated on a 0-acre lot, offering convenient access and ample potential for expansion or redevelopment. The asking price for this office building is $32 million. The address, 2 Forest Avenue, places the property in a desirable location within Oradell, offering easy access to major transportation routes and local amenities. The building's specific features and internal layout are currently unavailable, but its prime location and substantial asking price suggest a significant opportunity for a discerning buyer. Further details regarding the building's specifications, including square footage, internal layout, and existing infrastructure, are available upon request. This property is being offered as-is, and potential buyers are encouraged to conduct their own due diligence to assess its suitability for their specific needs and investment goals. Given the strategic location and the substantial investment required, this property represents a compelling opportunity for those seeking a high-value office asset in a thriving New Jersey market. Interested parties should contact the listing agent for further information and to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $6,286,390

  6.5%

  $5,802,820

  7%

  $5,388,340

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,383,640

  Geo Method

  $4,383,640

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $11,424,400

  Retail / Commercial

  $5,858,390

  Mixed-Use / Specialty

  $5,837,500

  Hospitality / Lodging

  $4,282,790

  Office

  $5,802,820

  Institutional / Educational

  $6,068,650

  Residential Income

  $7,100,320

  Multifamily

  $8,515,740

  Automotive / Energy

  $5,201,700

  Parking / Income-Based Land

  $1,795,040

  Restaurant / Food Service

  $3,036,130

  Healthcare / Senior Housing

  $5,986,250

Location Insight

City

Oradell

County

Bergen

State

New Jersey

Latitude

40.9551

Longitude

-74.0506

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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