Renovated Retail Building in Fort
For Sale
$13,900,000
2053 Lemoine Ave, Fort Lee, NJ 07024
Income-producing retail building in prime Fort Lee location.
Property SizeContact for details
Days on Market188
Property Features for 2053 Lemoine Ave
General Information
Standard status
Active
Property subtype
Commercial
Listing Agency:
Alpine MC Realty LLC
(201) 857-8777
Listed By:
Woo H. Choi ()
(201) 429-2999
Source:
Fortuneluxuryrealty
Added: Mar 5
Changed: Sep 8
Last Checked: Sep 8 at 8:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alpine MC Realty LLC
Investment Insights
Based on property information with market context.
This newly renovated, free-standing retail building is located in a prime area of Fort Lee, near numerous high-rise buildings and a retail mall. A hotel is planned for construction across the street. The property is income-producing with a cap rate of 5.4%. The first floor is leased to Woori America, generating $41,140 per month under a NNN lease until June 30, 2043. The second floor is occupied by Hudson Manor, contributing $30,000 per month under a NNN lease that runs through April 30, 2041. There are 38 parking spaces available on-site.
Key Highlights
- High income‑producing property with an attractive 5.4% cap rate.
- Long‑term NNN leases in place with Woori America ($41,140/month until 06/30/2043) and Hudson Manor ($30,000/month until 04/30/2041).
- Prime location in Fort Lee near high‑rise buildings, a retail mall, and a future hotel.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,572
Businesses Nearby
189k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 31%
Groceries 21%
Beauty & Spa 1%
ACME Markets
Groceries
40,671 visits/mo
0.4 miles
McDonald's
Dining
30,598 visits/mo
0.3 miles
Paris Baguette
Dining
22,490 visits/mo
0.1 miles
Starbucks
Dining
15,688 visits/mo
0.2 miles
Citibank
Shops & Services
14,931 visits/mo
0.1 miles
Demographics for 07024, NJ
40,171
Population
19,748
Households
2
Avg Household Size
46
Median Age
65%
College-Educated
95%
High-School Grad
2.5 sq mi
ZIP Area
16,068
Density / Sq Mi
$105,594
Median Household Income
$71,008
Median Earnings
$2,257
Median Rent
$422,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Peonia Atelier — 1550 Lemoine Ave #110, Fort Lee, NJ 07024
Frequently Asked Questions
What type of property is this?
Storefront property - Income-producing retail building in prime Fort Lee location.
Where is this storefront property located?
The property is located at 2053 Lemoine Ave Fort Lee, NJ.
What is the asking price?
The asking price for this property is $13,900,000.
What are key features of this property?
This property features: High income‑producing property with an attractive 5.4% cap rate.; Long‑term NNN leases in place with Woori America ($41,140/month until 06/30/2043) and Hudson Manor ($30,000/month until 04/30/2041).; Prime location in Fort Lee near high‑rise buildings, a retail mall, and a future hotel.
