$950,000

Est. payment -/mo

$999,999

5.0%

Est.Price: ?

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143 ANDERSON AVE Fairview, NJ 07022

3 Baths

SOLD DATE : 09/09/2024

Key Details

Sold Price $950,000

Property Type Commercial

Sub Type Investment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 240000470

Sold Date 09/09/24

Full Baths 3

Annual Tax Amount $11,576

Property Sub-Type Investment

Property Description

Opportunity to Acquire Well-Located, Income-Producing Property in Fairview, NJ. This beautiful corner property is located on Anderson Ave in Fairview, NJ on a busy main street. The building was recently renovated & is currently occupied by a Pain Management doctor. The tenant is on a triple net lease, which makes this an ideal investment to be added to any portfolio, earning a 4.86% cap rate. The property features 1,982 sqft of space & comes with six parking spaces. It is located in a highly desirable area with easy access to major highways & public transportation. The property is also close to a variety of businesses & amenities, making it a great location for any business. The tenant is a well-established Pain Management doctor with a lease ending in Feb '25. The NNN structure means that the tenant is responsible for all taxes, insurance, & maintenance, which makes this a very low-maintenance investment. Space can be subdivided. Perfect for owner user.