117 Fort Lee Rd, Leonia, NJ 07605

This renovated mixed-use flex property, located at 117 Fort Lee Road in Leonia, New Jersey, presents a compelling investment opportunity in a prime Bergen County setting. The building encompasses a versatile combination of car wash, office, and industrial space, complemented by private parking facilities. Its strategic position adjacent to Overpeck County Park enhances its appeal and accessibility. The property boasts high occupancy, indicating a stable income stream, with significant potential for future growth and value appreciation.

Recent enhancements have significantly improved the property's condition and marketability. These updates include the installation of new windows, a refreshed exterior facade, and renovated common areas, all contributing to a modern and professional appearance. The building, originally constructed in 1957 and updated in 2018, offers a solid structure with contemporary improvements. Its two-story design provides ample space for various business operations.

The location of 117 Fort Lee Road offers exceptional connectivity. It is strategically situated just 2 miles from the George Washington Bridge, providing efficient access to Manhattan. Furthermore, it is located a mere 1.5 miles from the interchange of the NJ Turnpike and Route 80, facilitating seamless travel throughout New Jersey and the broader Northeast corridor. This prime positioning ensures consistent demand and accessibility for tenants and their clientele.

A notable aspect of this property's future potential is its location directly across from a proposed light rail station. This planned transit hub is slated to include a connection to Hoboken, which is anticipated to further strengthen the property's long-term value and demand. The anticipated increase in transit accessibility positions this site for sustained growth and desirability in the evolving Leonia real estate market. The property is listed with a cap rate of 7.31%.