121 Cedar Ln, Teaneck, NJ 07666

This commercial property, located at 121 Cedar Ln in Teaneck, NJ 07666, presents a unique value-add opportunity for investors and owner-users. Situated on a prime corner with significant daily traffic, the building offers immediate access to Holy Name Medical Center, major highway routes, and public transportation. The property was originally built in 1970 and has undergone updates, with the most recent noted in 2018.

The building spans 7,071 square feet across three stories and is currently zoned B2, which permits a variety of uses including offices, financial institutions, business schools, medical and dental clinics, funeral homes, and municipal buildings. The current tenancy is multiple, with a diverse roster primarily composed of mental health practitioners, contributing to long-term stability. This established tenant base provides a solid foundation for future operations.

Further upside potential exists due to a number of tenants operating on short-term leases with rents below market rates. This situation offers flexibility for an owner-user looking to occupy a portion of the space or for an investor seeking to optimize rental income. The property's strategic location, with walking distance to Holy Name Medical Center and direct access to public transit and Route 4, enhances its appeal and accessibility.

The property includes 12 parking spaces, equating to approximately 1.7 spaces per 1,000 square feet leased. The building class is B, and its prominent corner location is a significant asset, experiencing an estimated 15,000 vehicles per day. This offering represents a compelling opportunity in a highly accessible and desirable area of Teaneck.