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81 E State Rt 4
Paramus, NJ 07652

Office Property For Sale

INVESTMENT HIGHLIGHTS

  • Robust, Year-Round Foot Traffic Market | Subject Also Sees Considerable Traffic Counts Along Route 4 (136,191 VPD) and New Jersey I-17 (141,271 VPD)
  • Affluent New York City Metropolitan Area Community with an Average Household Income of Over $161K within One Mile of the Subject Asset
  • Subject is Less Than 15 Miles From Manhattan New York Via Car, a 30 Minute Drive or Via Public Transportation, a 35 Minute Commute
  • Subject is Located Less Than Three Miles (Five Minutes) From Paramus Park Shopping Mall, Westfield Garden State Plaza, and Bergen Town Center Mall

EXECUTIVE SUMMARY

Subject Includes Two Retail Condos Totaling 6,145 Square Feet Along High Traffic Route 4, Paramus New Jersey, Located on the First Floor of a Four Story Mixed Use Office Building. The Condos Two Tenants are National Retailers Chipotle and America's Best. Average 9 Years Remaining on NNN Leases with a 6.82% Cap Rate.

PROPERTY FACTS

Property Type Office
Property Subtype Medical
Building Class B
Lot Size 3.00 AC
Rentable Building Area 40,000 SF
No. Stories 4
Year Built/Renovated 1971/2009
Parking Ratio 13.9/1,000 SF
APN / Parcel ID 46-00604-0000-00015-0000-C0102

ZONING

Zoning Code HCC-2
  • Listing ID: 26620410

  • Date on Market: 9/13/2022

  • Last Updated:

  • Address: 81 E State Rt 4, Paramus, NJ 07652