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111 Galway Pl Teaneck, NJ 07666

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For Sale
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16,000 SF Office Building, 6 Units, 6% Cap Rate

Property size:
16,000 SF

Property Features for 111 Galway Pl

General Information

Property type
Medical offices
Square Feet
16,000 SF
Class
C

Building Details

Stories
2
Units
6

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Listing Contact
Thomas Russo
Thomas Russo

Listing Agency: RE/MAX SELECT - Oakland Listing Agent: Thomas Russo

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

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Property Insight Report

Overview

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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Dr. Charles Ekstein Physician Dr. Iris A. Drey, ... Physician Coinlinx - Bitcoin ATM Atm Francesca Rahmer Physician Corradino Christine M ... Physician

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Teaneck
County
Bergen
State
New Jersey
Longitude
-74.0012449
Latitude
40.9061897

FAQs

What type of property is this?
Medical office - 16,000 SF Office Building, 6 Units, 6% Cap Rate
Where is this medical office located?
The property is located at 111 Galway Pl Teaneck, NJ.
What is the asking price?
The asking price for this property is $3,000,000.
(201) 240-5200 Call to check price and availability
More about this property
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