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. Lender may require flood insurance.
| MLS # | 4004675 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Under Contract |
| Year | 1979 |
| Days On Site | 279 |
| Listing Provided By | RE/MAX SELECT | RUSI D GANDHI |
| Garage | 23 |
|---|---|
| Basement | Y |
| Story(s) | 1 |
| Units | 5 |
| Zoning | Commercial |
| Property | 15779 |
|---|
| State | NJ |
|---|---|
| County | Essex |
| City | Fairfield Twp. |
| Zip Code | 07004 |
| Area | Essex |
| Listing VS Median (in 07004) | |
Price: $1,450,000 low | high Med: $1,274,500 On site: 279 low | high Med: 28.5 | |
| State | NJ |
|---|---|
| County | Essex |
| City | Fairfield Twp. |
| Zip Code | 07004 |
| Area | Essex |
| Listing VS Median (in 07004) | |
Price: $1,450,000 low | high Med: $1,274,500 On site: 279 low | high Med: 28.5 | |
![]() | $1,550,000584-588 Us Highway 46Fairfield, NJ 07004 |
![]() | $1,550,000584-588 Us Highway 46Fairfield, NJ 07004 |
![]() | $1,100,000588 Us Highway 46Fairfield, NJ 07004 |
![]() | $1,100,000588 Us Highway 46Fairfield Twp., NJ 07004 |
![]() | $1,550,000584 Us Highway 46Fairfield Twp., NJ 07004 |