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Property profile & analytics
FOR LEASE
Commercial real estate

1 Lethbridge Plz Mahwah, NJ 07430

1.51 ac lot Built 1974
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US59-0432579
Property summary
AI-generated overview

This exceptional 39,000 square foot, two-story office suite is located in the desirable and business-friendly Mahwah, Bergen County, New Jersey. Situated on a 1.48-acre lot at 1 Lethbridge Plaza, this property boasts unparalleled accessibility to Route 17, Route 287, and the New York State Thruway. Under new ownership, the building has undergone recent improvements with more planned and approved, positioning it as a modernized business hub in Northern New Jersey. The asking price of $28 per square foot includes utilities and a monthly CAM fee of $403.90. This first-floor/lobby level suite offers a comprehensive layout including a reception/waiting area, server room, kitchenette, storage/file room, three private offices, a conference room, a large open floor plan, and a private restroom. Recent renovations feature new windows, new ceiling tiles, new LED recessed lighting, and fresh paint. Future tenants can select their flooring preference. The space can also be built to suit specific business needs. Five designated parking spaces are included, along with prominent direct signage on Route 17 North. This presents a remarkable opportunity for businesses seeking to establish or expand their presence in a highly convenient and well-connected location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1974
Lot 1.51 ac (65,776 SF)
Zoning code B40
APN 33 00063-0000-00006
UPID US59-0432579
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Conn Michael J MD Physician Medical Clinic
  • Rugged Outfitters Corporate Big Box & Wholesale Store
  • Mahwah Florist (Bike/Boat/Book/etc) Store Florist
  • Mahwah Car Service Limousine Service
  • Druce Richard DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.90M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.62M
Owner & transaction history
Lethbridge Development LLC · 3 yrs held
Lethbridge Development LLC
since 2023
Last sale
$5.4M
5 recorded transactions
2023
$5.4M
2021
Price N/A
2016
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B40 · Mahwah, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Conditional Uses. 1. See Attachment 4 - Schedule of District Use Regulations. e. Off-street parking requirements. 1. Parking shall comply with § 24-3.7 . f. Signs. 1. Signage shall comply with § 24-6 , signs. § 24-4.16 B40. Highway Business. [Amended 10-15-2020 by Ord. No. 1916 ; 3-10-2022 by Ord. No. 1958 ] Editor's Note: The schedules are included as attac…

Zone name Highway Business
General category COMMERCIAL
Zone area 137.12 ac
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