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144 Main St

5,226 SF Retail Building Fort Lee, NJ 07024 $6,870,000 CAD ($1,315 CAD/SF) 4% Cap Rate

Restaurants New Jersey Fort Lee 144 Main St, Fort Lee, NJ 07024

Investment Highlights

  • Busy commercial district
  • Open plan with exposed brick walls
  • Investment opportunity with current restaurant, or ready-made for new restaurant

Executive Summary

The building is currently leased to JJ DAK, a chic and sophisticated Korean BBQ restaurant in the heart of Fort Lee, NJ. The lease includes a 5% annual increase in rent, which is currently $16,000/month. The lease extends for another approximately 12 years.
The sale of the restaurant business, including a liquor license, can be negotiated separately.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,226 SF
Building Class
C
Year Built
1984
Price
$6,870,000 CAD
Price Per SF
$1,315 CAD
Cap Rate
4%
NOI
$274,800 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.12 AC
Zoning
C1
Parking
4 Spaces (0.77 Spaces per 1,000 SF Leased)
Frontage
50 ft on Main St
1 of 1
Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Starbucks
Ufc Gym
Bank of America
Bank of Hope
Chase Bank
Capital One
Club Pilates
Wells Fargo Bank
Cyclebar
Citi

PROPERTY TAXES

Parcel Number 19-04351-0000-00001 Improvements Assessment $848,536 CAD
Land Assessment $871,023 CAD Total Assessment $1,719,559 CAD

PROPERTY TAXES

Parcel Number
19-04351-0000-00001
Land Assessment
$871,023 CAD
Improvements Assessment
$848,536 CAD
Total Assessment
$1,719,559 CAD
(786) 622-4273

Contact

  • Helen Lin
    Helen Lin
  • NYC Modern Realty

  • Listing ID: 34133673

  • Date on Market: 2024-12-09

  • Last Updated:

  • Address: 144 Main St, Fort Lee, NJ 07024

The Retail Property at 144 Main St, Fort Lee, NJ 07024 is currently available for sale. Contact NYC Modern Realty for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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144 Main St
(786) 622-4273 x

144 Main St

Helen Lin

(786) 622-4273

(786) 622-4273

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