36 Bergen St, Hackensack, NJ 07601
36 Bergen St, Hackensack, NJ 07601Basic Details
- Date added: Added 5 days ago
- Type: Commercial
- Category: For Sale
- Status: Open
Description
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Description:
7,320 SF 100% Leased Office Building Hackensack, NJ 07601 $1,895,000 ($258.88/SF) 7.50% Cap Rate
This two-story professional office building at 36 Bergen Street in Hackensack, New Jersey, presents a significant investment opportunity within the governmental and professional hub of Bergen County. The property, encompassing approximately 7,320 square feet of interior space, is situated on a 5,676 square foot lot and will be delivered entirely vacant. This vacant status provides the flexibility for an owner-user to occupy the premises or for a new owner to implement a lease-up strategy at current market rental rates. The building's location on Bergen Street, between State Street and Main Street, places it in close proximity to the Bergen County Justice Center and Court Plaza, an area well-established for legal, title, and other professional service firms.
The ground floor of the building has undergone a comprehensive renovation, completed between November 2022 and January 2023, and is now move-in ready. This level features seven private offices, a dedicated conference room, a reception area, multiple bathrooms, and a kitchenette, designed to accommodate immediate occupancy. In contrast, the second floor is currently in an open-concept state. This configuration offers a blank canvas, allowing a prospective owner the latitude to design and construct office space tailored to their specific operational needs or to pursue an alternative layout that aligns with their business objectives.
The building's strategic position offers substantial visibility, with approximately 7,600 vehicles passing the site daily, ensuring exposure to employees, clients, and visitors. Accessibility is a key attribute of this location, with NJ Transit's Essex Street Station within a ten-minute walk, providing convenient public transportation options. Regional connectivity is also robust, with direct access to major thoroughfares including Interstate 80, Route 4, Route 17, and the Garden State Parkway, facilitating travel to and from Midtown Manhattan, approximately twelve miles to the southeast.
Downtown Hackensack is experiencing ongoing revitalization, evidenced by the adoption of the Downtown Rehabilitation Plan in 2012. This initiative has spurred the development of approximately 4,000 new residential units, with notable projects such as The Brick, Ora, Print House, and One Essex Street contributing to the area's growth. Further enhancing the district are municipal improvements, including the restoration of two-way traffic on Main Street and upgraded streetscaping, which collectively reinforce its status as a vibrant, walkable commercial center. The presence of Hackensack University Medical Center, an 803-bed teaching hospital, and a substantial local employment base of approximately 41,870 jobs across over 31,800 employer establishments, further anchors the submarket's economic stability.
Property Details
- Area: 7,320 sq ft
- Year built: 1986
- Sale Type: Investment or Owner User
- Cap Rate: 7.50%
- Building Size: 7,320 SF
- Building Class: B
- Typical Floor Size: 3,660 SF
- Property Subtype: Loft/Creative Space
- Tenancy: Multiple
- Percent Leased: 100%
- Building Height: 2 Stories
- Building Far: 1.29
- Opportunity Zone: Yes
- Zoning: B-2 - Business District (B-2) — permits professional office use
Highlights
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- Move-In Ready Ground Floor | 7 Private Offices + Conference Room
- Delivered 100% Vacant
- 10-Min Walk to NJ Transit Essex Street Station
- Flexible 2nd Floor | Open-Concept Blank Canvas
- Steps from Bergen County Justice Center & Court Plaza
- ~7,600 VPD | Strong Bergen Street Visibility
Property Taxes
- Parcel Number: 23-00209-0000-00007
- Land Assessment: $240,000
- Improvements Assessment: $1,260,000
- Total Assessment: $1,500,000
Agent
Stephen Preuss
Ripco Real Estate
Kevin Louie
Ripco Real Estate
Noah Savoie
Ripco Real Estate
Location
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