24 Little Falls Rd, Fairfield Twp NJ, 07004

Active

24 Little Falls Rd

Fairfield Twp NJ, 07004

$1,700,000

$370.86 per sqft

Active

4,584 sqft

Commercial

Built in 1979

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. ------------------------------------

3893940

MLSⓇ ID

May 9, 2024

Updated

Map

24 Little Falls Rd
Fairfield Twp NJ, 07004

Interior Features

Total Stories: 1
Interior Features: Laminate
Floor Description: Laminate
Fireplace: No
Cooling: Yes
Cooling Description: Central Air
Heating: Yes
Heating Description: Baseboard, Natural Gas

Exterior/Building Features

Lot Size: 0.66 Acres
Lot Features: Level
Sewer: Public Sewer

Other Property Details

Taxes: $15,779
Tax Frequency: Annually
Days on Market: 7
Garage: No
View: No
County: Essex
Water Source: Public
Pool: No
Zoning: Commercial

Courtesy of RE/MAX SELECT with RUSI D GANDHI,
Listing Contact: 9738653225

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