24 Little Falls Rd Fairfield Twp., NJ — $1,700,000

Listing data last changed 4/8/2024
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24 Little Falls Rd | Fairfield Twp.

$1,700,000 | 5 Baths (5 Half) | 4,584 Sq. Ft.

Prime Commercial Property- Prime commercial real estate property located in the heart of Fairfield.- Features a shopping strip with five distinct units suitable for various businesses.- Offers ample parking, attracting a steady flow of customers.- Strategically located near major routes RT 48 and 80 for high visibility and easy access.- Low rent that has remained unchanged for the past seven years.- Opportunity for the new owner to increase the rent by 10% to 15% with a new triple net lease agreement.- All units are currently occupied, demonstrating sustained demand.- Tenants are responsible for their own utilities, reducing the owner's operational costs.- Presents a lucrative investment opportunity with immediate returns and promising future growth.This prime property is a commercial real estate gem located in the bustling heart of Fairfield. It features a shopping strip with five distinct units, each boasting its own unique potential for various retail or service-based businesses. ------------------------------------ GSMLS 3893940

Directions to property: Rt 46 to Fairfield Rd to Little Falls Rd

MLS Listing ID: 
GSMLS 3893940
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,700,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Fairfield Twp.
Address: 
24 Little Falls Rd, Fairfield Twp., NJ 07004, U.S.A.
County: 
Essex
Latitude: 
40.8878400
Longitude: 
-74.2762100
Directions: 
Rt 46 to Fairfield Rd to Little Falls Rd
Public Remarks: 
Prime Commercial Property- Prime commercial real estate property located in the heart of Fairfield.- Features a shopping strip with five distinct units suitable for various businesses.- Offers ample parking, attracting a steady flow of customers.- Strategically located near major routes RT 48 and 80 for high visibility and easy access.- Low rent that has remained unchanged for the past seven years.- Opportunity for the new owner to increase the rent by 10% to 15% with a new triple net lease agreement.- All units are currently occupied, demonstrating sustained demand.- Tenants are responsible for their own utilities, reducing the owner's operational costs.- Presents a lucrative investment opportunity with immediate returns and promising future growth.This prime property is a commercial real estate gem located in the bustling heart of Fairfield. It features a shopping strip with five distinct units, each boasting its own unique potential for various retail or service-based businesses. ------------------------------------
Building Details
Details about the building on a property.
Stories: 
1
Year Built: 
1979
Living Area: 
4,584
Basement: 
Partial
Construction
Construction Materials: 
Formed Concrete
Roof: 
Flat
Exterior: 
Brick/Block, Concrete
Energy Information: 
All Underground
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
5
Total Half-Bathrooms: 
5
Utilities
Information about utilities available on the property.
Heating System: 
Baseboard - Hotwater
Heating System Fuel: 
Gas-Natural
Cooling System: 
Central Air, See Remarks
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.66
Lot Size (Dimensions): 
140X206
Waterfront: 
0
Lot Features
Driveway: 
Blacktop
Parking Type: 
Blacktop
Total Parking Spaces: 
23
Public Record
Parcel Number: 
1607-02703-0000-00025-0000-
Lot Number: 
25
Annual Tax: 
$15,779.00
Property Zoning: 
Commercial
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
4/2/2024
Contract Details
Details about the listing contract.
Possession: 
At closing
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
RE/MAX SELECT

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