110 E Ridgewood Ave, Paramus, NJ 07652
110 E Ridgewood Ave, Paramus, NJ 07652
$3,200,000
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Basic Details
- Date added: Added 1 month ago
- Type: Commercial
- Category: For Sale
- Status: Open
Description
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Description:
6,000 SF 100% Leased Office Building Paramus, NJ 07652 $3,200,000 ($533.33/SF) 5.10% Cap Rate
Investment Overview: This is a prime investment opportunity in the heart of Paramus, NJ, featuring a well-maintained medical office building with a long-term tenant, an urgent care facility. With the medical sector’s growth and stability, this property ensures a consistent cash flow with minimal vacancy risk, making it a solid asset for investors seeking steady income and future appreciation.
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Property Details
- Parking: 6 Spaces (1 Spaces per 1,000 SF Leased)
- Area: 6,000 sq ft
- Year built: 1963
- Sale Type: Investment
- Cap Rate: 5.10%
- Building Size: 6,000 SF
- Building Class: B
- Typical Floor Size: 2,000 SF
- Property Subtype: Medical
- Tenancy: Multiple
- Percent Leased: 100%
- Building Height: 2 Stories
- Building Far: 0.34
- Zoning: BL
Property Taxes
- Parcel Number: 46-06301-0000-00003
- Land Assessment: $417,000
- Improvements Assessment: $1,435,600
- Total Assessment: $1,852,600
Agent
Michelle Han
Prominent Properties Sothebys International Realty
Location
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