Prime Commercial Building For
For Sale
$4,790,000
215 Main, Fort Lee, NJ 07024
Well-maintained, 100% leased commercial building in central business district.
Property SizeContact for details
Days on Market148
Property Features for 215 Main
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$38,482
Amenities
Central Air Heating
Gas Heating
Hot Air Heating
Listing Agency:
ALPINE MC REALTY LLC
(201) 429-2999
Listed By:
WOO CHOI
Source:
Corcoran
Added: Mar 27
Changed: Aug 21
Last Checked: Aug 21 at 9:08AM
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 well-maintained, free-standing commercial building presents a significant investment opportunity. The property is 100% leased to six tenants, comprising three retail and restaurant businesses and two office spaces. A new roof was installed in 2023, and the air conditioners have been recently replaced. The property generates a net operating income (NOI) of $228,154 per year, with an average annual increase of 3% to 4%. Situated in the central business district, the building benefits from a prime location. The area is surrounded by high-rise luxury residential rental buildings, a variety of restaurants and cafes, a theater, and a large shopping mall. A newly constructed municipal parking facility and park are located at the rear of the property.
Key Highlights
- 100% Leased with a diverse mix of tenants providing immediate income.
- Generates a Net Operating Income (NOI) of $228,154 per year with an average annual increase of 3‑4%.
- Prime location in the central business district.
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
- Washington Bridge Plaza — 2151 Lemoine Ave, Fort Lee, NJ 07024
- Fort Lee Plaza Shopping Center — 1550 Lemoine Ave, Fort Lee, NJ 07024
- Whiteman Park Plaza — 1605 Lemoine Ave, Fort Lee, NJ 07024
- POLYGON PLAZA — 2050 Center Ave, Fort Lee, NJ 07024
- Oaktree Mall Shopping Center — 2024 Center Ave n, Fort Lee, NJ 07024
Frequently Asked Questions
What type of property is this?
Shopping center - Well-maintained, 100% leased commercial building in central business district.
Where is this shopping center located?
The property is located at 215 Main Fort Lee, NJ.
What is the asking price?
The asking price for this property is $4,790,000.
What are key features of this property?
This property features: 100% Leased with a diverse mix of tenants providing immediate income.; Generates a Net Operating Income (NOI) of $228,154 per year with an average annual increase of 3‑4%.; Prime location in the central business district.
