696 Palisade Ave Teaneck, NJ 07666

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.