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    810 Abbott Blvd Fort Lee, NJ 07024

    Sponsored
    For Sale
    $4,500,000

    18,432 SF Medical Office, $4.5M

    Property size:
    18,432 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional four-story, 18,432-square-foot Class B medical office building in Fort Lee, New Jersey, presents a compelling investment opportunity. Located at 810 Abbott Blvd, 07024, this multi-tenant property boasts 16 units with 85% occupancy and a strong 5.00% cap rate. The asking price is $4,500,000, translating to $244.14 per square foot. Built in 1966, the building features spacious lobbies that can serve as auxiliary waiting rooms, providing ample space for patients. Convenient 24/7 access is ensured, along with a state-of-the-art HVAC system. Each suite is equipped with its own ventilation system, minimizing the risk of cross-contamination. The property benefits from a prime location with convenient parking options, including a municipal lot across the street and additional spaces adjacent to the building. Furthermore, tenants enjoy the added benefit of free senior shuttle bus service to and from the building, as well as a free shuttle to the new Edgewater Ferry Landing. This building offers a rare combination of features and location, making it an attractive investment in a highly sought-after market with limited medical office space due to stringent municipal parking requirements. This translates to a strong value proposition for medical tenants and a secure investment for the building owner.

    Property Features for 810 Abbott Blvd

    General Information

    Property type
    Medical offices
    Square Feet
    18,432 SF
    Class
    B

    Building Details

    Year Built
    1966
    Stories
    4
    Units
    16

    HighLights

    • 16 Units
    • 4‑Story Building
    • Spacious lobbies, usable as auxiliary waiting rooms
    • 24/7 access with state‑of‑the‑art HVAC system
    • Free senior shuttle bus service
    • Free shuttle to the Edgewater Ferry Landing
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Lee
    County
    Bergen
    State
    New Jersey
    Longitude
    -73.9822224
    Latitude
    40.8316213

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    FAQs

    What type of property is this?
    Medical office - 18,432 SF Medical Office, $4.5M
    Where is this medical office located?
    The property is located at 810 Abbott Blvd Fort Lee, NJ.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 16 Units; 4-Story Building; Spacious lobbies, usable as auxiliary waiting rooms
    Request Owner's contact information
    810 Abbott Blvd Fort Lee, NJ 07024
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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
    810 Abbott Blvd Fort Lee, NJ 07024
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