Property profile

383 Us-46 Fairfield, NJ 07004

OFF-MARKET
Office Spaces
34,445 SF 1.66 ac lot Built 1974
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Property summary

AI-generated overview

This exceptional 34,445 square foot, three-story office building in Fairfield, New Jersey, presents a unique owner-user opportunity. Located at 383 US-46, this Class B property sits on a 1.66-acre lot and boasts 91 parking spaces. Built in 1974, the building features an elevator, is 100% sprinklered, and includes an onsite natural gas-fired generator, ensuring reliable operation. Currently, 78% of the space is occupied by a single tenant. The H-D zoning allows for a broad range of uses, including office, retail, educational, and medical facilities. Its prime location offers excellent visibility on Route 46, with convenient access to major roadways such as Routes 23, 80, 280, and 287, and a full interchange with Route 46 and Hollywood Avenue. The asking price is $4,800,000 ($139.35/SF). The building has been owner-occupied since 1985, demonstrating its long-term viability and potential. This is an excellent opportunity for a business seeking a well-maintained property with significant upside potential.

Property profile

Verified
Property type Office Spaces
Year built 1974
Total area 34,445 SF
Lot 1.66 ac (72,310 SF)

Cap rate & NOI

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

Location

383 Us-46 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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