Property profile

310 Passaic Ave Fairfield, NJ 07004

OFF-MARKET
Office Spaces
28,500 SF Built 1982
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Property summary

AI-generated overview

This exceptional 28,500 square foot office condominium in Fairfield, NJ, presents a unique investment opportunity. Located at 310 Passaic Avenue, Unit FLR 3, the property boasts a prime location with convenient access to major highways including I-80, 280, 287, and Routes 46, 23, and 10. Its strategic position ensures easy commutes for employees and clients, and proximity to hotels, a NJ Transit hub, restaurants, shopping, and recreational facilities adds significant value. The building, constructed in 1980 and updated in 2004, offers a blend of established infrastructure and modern amenities. The condo features eight reserved covered parking spaces for owners, plus a large outdoor lot providing an additional 40 spaces. Currently configured as four separate units (approximately 2,000, 2,050, 2,200, and 3,000 square feet), totaling 9,337 square feet of contiguous office space, the property is easily subdividable to suit various business needs. This flexibility makes it perfect for a range of professional offices, medical practices, or dental practices seeking a well-appointed and conveniently located space. The asking price is $1,213,810. This is a rare opportunity to acquire a substantial and versatile office condominium in a highly desirable location.

Property profile

Verified
Property type Office Spaces
Year built 1982
Total area 28,500 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Insurance Agency
  • Financial Advisor
  • Law Firm
  • Marketing & Advertising Advertising Agency

Location

310 Passaic Ave Fairfield, NJ 07004
Fairfield metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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