111 Galway Pl Teaneck, NJ 07666

This exceptional value-add investment opportunity presents a two-story, 16,000-square-foot office building situated on a 37,440-square-foot lot at 111 Galway Place in Teaneck, New Jersey. The property, zoned L1, boasts a desirable location with high traffic visibility, making it an attractive option for a variety of businesses. Currently operating at 78% occupancy with six units, this multi-tenant building offers significant potential for increased revenue through lease modifications and strategic tenant improvements. The asking price is $3,000,000, representing a compelling $187.50 per square foot and a projected 6.00% capitalization rate. The building's flexible layout, suitable for traditional, executive, or medical office uses, allows for diverse tenant profiles. High ceilings and convenient access to major highways further enhance its appeal. This property presents a rare chance to acquire a well-located, multi-tenant office building in Bergen County, New Jersey, with substantial upside potential for savvy investors seeking a value-add project. The private ownership structure ensures a streamlined transaction process. The building's Class C designation reflects its potential for enhancement and repositioning within the market. This is a unique opportunity to capitalize on the strong demand for office space in this thriving community.