215 Old Tappan RdOld Tappan, NJ 07675
- Other commercial real estate
- 8,300 SF
Property Details for 215 Old Tappan Rd
- Construction
- BRICK
- Lot size
- 1.50 AC
- Property size (Sq ft)
- 8,300 SF
- Property type
- Other commercial real estate
- APN
- 43 01605-0000-00004
- APU
- 4301605000000004
Description
This exceptional investment opportunity presents a fully leased, 10,650 square foot medical office building situated in Old Tappan, New Jersey. Located at 215 Old Tappan Road, this single-story, 2017-renovated building boasts six tenants and offers a stabilized investment profile as a fully leased property. The property sits on one acre of land and is zoned B1. The building features convenient amenities including an elevator and basement storage accessible via both elevator and an exterior scissor lift. Ample parking is available, enhancing the property's appeal. Its prime location across from a major shopping center and near 225 new residential units ensures high visibility and strong tenant demand. The building is professionally managed and maintained, minimizing operational concerns for the investor. While currently fully leased, one unit could potentially be made available for a user. This presents a rare opportunity to acquire a high-quality, well-maintained medical office building in a desirable Bergen County location. The property's strong tenant base, excellent location, and recent renovations make it an attractive investment for those seeking a stable, high-performing asset. The building's features and location combine to create a compelling investment opportunity with significant potential for long-term growth and return.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $1,570,685
- Hospitality
- $1,438,739
- Educational
- $1,197,014
- Medical
- $1,238,181
- Retail
- $1,862,021
Location Insight
- City
- Old Tappan
- County
- Bergen
- State
- New Jersey
- Latitude
- 41.0129
- Longitude
- -73.9822
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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