Property profile

310 Passaic Ave 303 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 303 in Fairfield, NJ, presents a unique investment opportunity. The property, built in 1980 and updated in 2004, is currently configured as four individual units, offering flexibility for various business needs. Unit sizes approximate 2,000, 2,050, 2,200, and 3,000 square feet, totaling 9,337 square feet of usable space. The remaining square footage may be attributed to common areas. The building offers convenient amenities including private covered parking for owners and a large outdoor parking lot, ensuring ample parking for staff and clients. Its strategic location provides easy access to major highways such as I-80, I-280, I-287, and Routes 46, 23, and 10, enhancing accessibility for employees and clients. The property's proximity to hotels, a NJ Transit hub, restaurants, shopping centers, and recreational facilities adds to its appeal. This versatile space is perfectly suited for a variety of professional office uses, including medical and dental practices. The asking price for this prime commercial property is $398,580. This represents a significant opportunity to acquire a well-maintained, strategically located office condominium in a thriving New Jersey market.

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 303 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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