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15-01 Broadway - Fair Lawn Office Center
5,986 SF Office/Medical Condo Unit Offered at $1,406,000 in Fair Lawn, NJ 07410
Investment Highlights
- Fully Fit Out Surgical Center Available for Sale
- Atrium Level
Executive Summary
The Condominium is located less than two miles from Route 4 and is easily accessible from the Garden State Parkway, I-80 and Route 17. There are five major hospitals in the immediate vicinity of the Property. The building is occupied by a diverse selection of medical and non-medical tenants which includes 27 individual condominiums, many of them occupied by medical users including dentistry, orthopedics, plastic surgery and internal medicine fields. Fair Lawn has one of the strongest demographic profiles for medical users in New Jersey. Approximately one million people live within a seven-mile radius and the average household income in that radius exceeds $134,000. The Condominium was previously subdivided into five condominium units, Unit 1, 2A, 2B, 2C and 3. The units have since been consolidated into Unit 1 within the condominium master plan, but the units retain individual tax bills.
Property Facts
1 Unit Available
Unit 1
| Unit Size | 5,986 SF | Condo Use | Office/Medical |
| Price | $1,406,000 | Sale Type | Owner User |
| Price Per SF | $234.88 |
| Unit Size | 5,986 SF |
| Price | $1,406,000 |
| Price Per SF | $234.88 |
| Condo Use | Office/Medical |
| Sale Type | Owner User |
Description
Unit 1 is a 5,986 GSF fully built-out surgical center with 2 level C operating rooms, preop and postop areas, waiting room, staff and conference rooms, piped gases, and more.
Formerly AAAHC accredited surgical center. Does not include any Furniture, Fixtures, or Equipment. Total Condominium Interest: 13.026%
Sale Notes
Legacy Commercial Realty, LLC is pleased to offer for sale Unit 1 (the “Condominium”), a vacant former surgical center condominium on the atrium level available for sale or
lease within 15-01 Broadway, Fair Lawn, Bergen County, New Jersey.
The Condominium is part of a 52,272 square foot, four-story medical office building.
Unit 1 is a 5,986 GSF fully built-out surgical center with 2 level C operating rooms, preop
and postop areas, waiting room, staff and conference rooms, piped gases, and more.
Formerly AAAHC accredited surgical center. Does not include any Furniture, Fixtures, or Equipment. Total Condominium Interest: 13.026%
Sale Price: $1,406,000.00 ($235.00 PSF)
Rental Rate: $19.00 PSF NNN
- 2023 Real Estate Taxes: $44,335.85
- 2023 Condominium Association Fee: $43,117.00
2023 Property Insurance: $4,606.00
Amenities
- Atrium
- Bus Line
- Commuter Rail
- Signage
- Natural Light
- Air Conditioning
zoning
| Zoning Code | OBS - 1 (Medical/Office & Business Services Zoning) |
| OBS - 1 (Medical/Office & Business Services Zoning) |
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Matt Miller -
Seth Katz -
Legacy Commercial Realty, LLC
Presented by
15-01 Broadway - Fair Lawn Office Center
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