Property profile

310 Passaic Ave 304 Fairfield, NJ 07004

OFF-MARKET
Office Spaces
28,500 SF Built 1980
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Property summary

AI-generated overview

This exceptional 28,500-square-foot office condominium, located at 310 Passaic Avenue, Unit 304 in Fairfield, NJ, presents a unique investment opportunity. The property, built in 1980 and updated in 2004, offers significant flexibility with its easily subdividable layout. Currently configured as four separate units (approximately 2000, 2050, 2200, and 3000 square feet), there is also a contiguous 9337 square foot space available. This allows for diverse occupancy options, catering to various business needs, from single large tenants to multiple smaller businesses. The building provides convenient amenities including private covered parking for owners and a large outdoor parking lot, ensuring ample parking for employees and clients. Its strategic location offers easy access to major highways, including I-80, 280, 287, and Routes 46, 23, and 10, providing excellent commuting options. Furthermore, the property benefits from its proximity to hotels, a NJ Transit hub, restaurants, shopping centers, and recreational facilities, enhancing its appeal and attracting a wide range of potential tenants. This prime location and versatile space make this office condo perfect for professional offices, medical practices, or dental practices. The asking price is $266,240.

Property profile

Verified
Property type Office Spaces
Year built 1980
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 304 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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