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    584-588 Fairfield Ave Fairfield, NJ 07004

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    For Sale
    $1,600,000

    Two properties with highway frontage, ideal for redevelopment or investment.

    Property Features for 584-588 Fairfield Ave

    General Information

    Standard status
    Active

    Source: CENTURY 21 CREST REAL ESTATE Agent CATHERINE LAWTON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highway Frontage Investment Opportunity

    Two properties are being sold together, presenting a redevelopment or investment opportunity. The properties are located at 584 and 588 US Highway 46. One of the properties, located at 588 US Highway 46, is a 1572 square foot office building constructed in 1950. It has been recently renovated and is zoned HD. The building is designed to accommodate two separate office tenants, featuring a separate entrance, private offices, an open work area, and a bathroom on the first floor. The second floor includes a spacious open area and an additional bathroom. It also features a new furnace, newer steps, well, and roof, along with an oversized detached garage, ample parking, and a backyard. The other property, located at 584 US Highway 46, is a 1562 square foot, 3-bedroom cape cod home with a backyard, currently being rented and zoned C1. These properties offer excellent highway frontage and strong visibility, making them suitable for investors, owner-occupants, or developers looking for a prime location with multiple possibilities.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Auto Repair Shop Hair Salon Wholesale Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2820102
    Latitude
    40.8679149

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    FAQs

    What type of property is this?
    Office building - Two properties with highway frontage, ideal for redevelopment or investment.
    Where is this office building located?
    The property is located at 584-588 Fairfield Ave Fairfield, NJ.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Prime location with excellent highway frontage and strong visibility.; - Two properties being sold together, offering multiple possibilities for investors, owner-occupants, or developers.; - #588 is a recently renovated office building (1572 sq ft) with the potential to accommodate two tenants and has a separate entrance.
    (973) 686-1500
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    584-588 Fairfield Ave Fairfield, NJ 07004
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    584-588 Fairfield Ave Fairfield, NJ 07004
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