45 Legion Dr, Cresskill, NJ 07626

This commercial property, located at 45 Legion Drive in Cresskill, New Jersey, presents a notable investment opportunity. Situated in a P AND L - Professional zoning district, the building encompasses 9,600 square feet of space. Constructed in 1984, this three-story structure is classified as a Class B building, indicating its functional and operational characteristics within the commercial real estate market. The property is designed to accommodate multiple tenants, suggesting a diversified income stream potential for an owner or investor.

The property is specifically categorized as a medical subtype, highlighting its suitability for healthcare-related businesses or practices. This specialization can be a significant draw for tenants seeking a location tailored to their specific operational needs. The building's design and layout are conducive to various medical services, offering a practical and efficient environment for practitioners and patients alike. The presence of multiple tenancy further enhances its appeal as a versatile commercial asset.

A key feature of this offering is the substantial parking availability, with 22 spaces provided. This equates to 2.29 spaces per 1,000 square feet of leased area, a ratio that is generally considered advantageous for commercial properties, particularly those serving a clientele or workforce. Adequate parking is a critical factor for the accessibility and convenience of any business, contributing to tenant satisfaction and customer flow. This amenity supports the property's function as a professional and medical hub.

The property is being offered with a capitalization rate of 5%, a metric that provides a direct indication of the potential return on investment based on its current net operating income. This financial data point is essential for investors evaluating the property's performance and future profitability. The building's construction year of 1984 suggests a mature asset that has demonstrated its longevity and utility within the Cresskill commercial landscape. The combination of its location, zoning, medical subtype, and parking infrastructure positions this property as a compelling choice for discerning investors.