1401 Palisade AveTeaneck, NJ 07666

Property Details for 1401 Palisade Ave

Year built

1920

Construction

CONCRETE BLOCKS

Lot size

0.14 AC

Zone code

B1

Property type

Commercial real estate

APN

60 05008-0000-00014

APU

6005008000000014

Description

This exceptional office space, located at 1401 Palisade Avenue in Teaneck, New Jersey, presents a fantastic opportunity for businesses seeking a convenient and cost-effective workspace. The property is an office building, and the asking price for the lease is $1800. While the exact square footage isn't specified, the listing highlights its affordability and desirable location. Situated in Teaneck, this property benefits from easy access to major transportation routes, making commuting a breeze for employees and clients alike. The address, 1401 Palisade Avenue, places the office within a vibrant and well-established commercial area, offering proximity to various amenities, including restaurants, retail shops, and other essential services. This makes it an ideal location for businesses seeking a convenient and accessible workspace. The property is available for lease, offering a flexible and adaptable solution for companies of various sizes. Interested parties are encouraged to inquire for further details regarding lease terms and specific property features. This is a rare opportunity to secure a well-positioned office space at an attractive price point in a thriving New Jersey community. Don't miss out on this chance to establish your business in a prime location. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $1,171,270

  6.5%

  $1,081,180

  7%

  $1,003,950

• Comparable approach

  Method

  Valuation

  Relative Method

  $816,756

  Geo Method

  $816,756

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,128,590

  Retail / Commercial

  $1,091,530

  Mixed-Use / Specialty

  $1,087,640

  Hospitality / Lodging

  $797,965

  Office

  $1,081,180

  Institutional / Educational

  $1,130,700

  Residential Income

  $1,322,920

  Multifamily

  $1,586,640

  Automotive / Energy

  $969,175

  Parking / Income-Based Land

  $334,451

  Restaurant / Food Service

  $565,689

  Healthcare / Senior Housing

  $1,115,350

Location Insight

City

Teaneck

County

Bergen

State

New Jersey

Latitude

40.902

Longitude

-74.0063

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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