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696 Palisade Ave Teaneck, NJ 07666

Sponsored
For Sale
$1,950,000

Income-producing medical office, prime location

Property size:
4,400 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional two-story medical office building in Teaneck, New Jersey, presents a compelling investment opportunity. The main floor encompasses 2,200 square feet, currently leased to a dental practice under a seven-year lease with annual rent of $95,000 and built-in rent increases. This space features five dental treatment rooms and three lavatories. The lower level offers an additional 2,200 square feet, with approximately 1,300 square feet vacant and 900 square feet rented month-to-month, providing immediate upside potential for an owner-user. The property boasts ample parking with 19 onsite spaces supplemented by street parking. The building is situated on land zoned for office use and generates approximately $110,000 in gross annual income, with potential for further growth through lease-up of the vacant space. Property taxes for 2023 were $24,269. The total building area is 4,400 square feet, with a list price of $1,950,000. This represents a compelling price per square foot of $443.18. The property includes private doctor's offices, making it ideal for a variety of medical practices. This is an owner-user opportunity with significant income potential and a strong existing tenant.

Property Features for 696 Palisade Ave

General Information

Property type
Medical offices
Square Feet
4,400 SF

HighLights

  • Two‑story, 4,400 SF medical office building in Teaneck, NJ.
  • Main floor: 2,200 SF, leased to dental practice (7‑year lease, $95,000 annual rent with increases).
  • Lower level: 2,200 SF, partially leased (900 SF month‑to‑month, 1,300 SF vacant).
  • 19 onsite parking spaces plus street parking.
  • Office‑zoned land; $110,000 gross annual income, significant upside potential.
  • 2023 property taxes: $24,269; List price: $1,950,000 ($443.18/SF).
Property Profile Location Intelligence

Current Use by Public Records

Distinctive Dental Arts Dentist Dr. Michael Sicklick Dentist Judah Schochet Social Worker Eliezer Zwickler Social Worker Ayala Steinfield-Kochan Social Worker

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
Teaneck
County
Bergen
State
New Jersey
Longitude
-74.020876614212
Latitude
40.885760094886

FAQs

What type of property is this?
Medical office - Income-producing medical office, prime location
Where is this medical office located?
The property is located at 696 Palisade Ave Teaneck, NJ.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Two-story, 4,400 SF medical office building in Teaneck, NJ.; Main floor: 2,200 SF, leased to dental practice (7-year lease, $95,000 annual rent with increases).; Lower level: 2,200 SF, partially leased (900 SF month-to-month, 1,300 SF vacant).
More about this property
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