24 LITTLE FALLS RD FAIRFIELD, NJ 07004

Features

• Price/sqft: $370
• Lot Size: 28841
• Total Units: 1
• Total Rooms: 1
• Room List: Basement
• Stories: 200
• Heating: Baseboard Heating
• Construction Type: Frame

Facts

• Year Built: 01/01/1979
• Property ID: 873641106
• MLS Number: 3893940
• Parcel Number: 07 02703-0000-00025
• Property Type: Commercial
• County: ESSEX
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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. ------------------------------------