14 Unit Mixed-use Investment Sale Fair Lawn, NJ

For Sale

12-56 River Road, Fair Lawn, NJ 07410

This Fair Lawn property for sale is located at 12-56 River Road. The current listed sale price for 14 Unit Mixed-use Investment Sale Fair Lawn, NJ is $4,550,000. 14 Unit Mixed-use Investment Sale Fair Lawn, NJ is situated on a lot that is 0.19 acre in size.

Contacts

broker
Bruce Elia Jr.

KW Commercial | Bruce Elia Jr. | Fort Lee

Property Details

  • Property Type Multi-Family
  • Property Size 13,469 SF
  • Units 14
  • Lot Size 0.19 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 25
  • Property Tenancy Multi-Tenant
  • Year Built 2015
  • Year Renovated 2022
  • Date Updated Dec 11, 2024
Fair Lawn is a borough in Bergen County, in the U.S. state of New Jersey, and a bedroom suburb located 12 miles (19 km) northwest of New York City. As of the 2020 United States census, the borough's population was 34,927, an increase of 2,470 (+7.6%) from the 2010 census count of 32,457, which in turn reflected an increase of 820 (+2.6%) from the 31,637 counted in the 2000 census. Fair Lawn was incorporated as a borough by an act of the New Jersey Legislature on March 6, 1924, as "Fairlawn", from portions of Saddle River Township. The name was taken from Fairlawn, David Acker's estate home, that was built in 1865 and later became the Fair Lawn Municipal Building. In 1933, the official spelling of the borough's name was split into its present two-word form as "Fair Lawn" Borough. Radburn, one of the first planned communities in the United States, is an unincorporated community located within Fair Lawn and was founded in 1929 as "a town for the motor age." Fair Lawn is home to a large number of commuters to New York City, to which it is connected by train from two railroad stations on NJ Transit's Bergen County Line, the Radburn and Broadway stations. Fair Lawn's motto is "A great place to visit and a better place to live." Fair Lawn has been rated as one of the top 10 best places to live in New Jersey.The Elia Realty Group (ERG) powered by KW Commercial, are proud to present an exciting new investment sale opportunity in Fair Lawn, NJ. Located just miles from NYC, this mixed-use retail / residential investment is prime for a savvy or novice investor. The property consists of 14 total units, with a breakdown of 4 retail storefront spaces and 10 residential apartments. The building is all brick consisting of approx. 13,469 sqft on three floors and was built in 2007 and has been maintained in excellent condition throughout its ownership lifetime. With ability to consistently escalate rents in an attractive Northern, NJ town, this investment is ready for a buyer looking to purchase on a 1031 exchange, or to park money and watch it grow year over year.
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Highlights

  • (14) Unit Investment Property - (4) Retail Store Fronts & (10) Residential Apartments
  • Building Size is approx. 13,469 Sqft on (3) Total Floors (2 Residential; 1 Retail Commercial)
  • Lot Size is approx. 8,477 Sqft (survey included w/ 25 deeded parking spaces)
  • Cap Rate = 6.71% (w/ parking and storage monetized)
  • Value add opportunity to upgrade units and increase rents as they turn over
  • Located in an A+ area of Bergen County in a blue ribbon school system
  • Located near all Major NJ Highways and just miles from NYC.

Attachments

Getting around

  • 86/100

    Walk Score ®

  • 37/100

    Transit Score ®

  • 50/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Fair Lawn, NJ
  • Neighborhood Fair Lawn
  • Zip Code 07410
  • Market New Jersey

Points of Interest

  • Radburn

    0.76 miles

  • Glen Rock-Boro Hall

    2.03 miles

  • Glen Rock-Main Line

    2.04 miles

  • Ridgewood Taxi

    3.41 miles

  • New Bridge Landing

    5.33 miles

  • River Edge

    5.42 miles

  • Montclair State University

    5.53 miles

  • Waldwick

    5.53 miles

  • Essex Street

    5.64 miles

  • Wesmont

    5.70 miles

  • Exxon

    0.80 miles

  • BP

    1.03 miles

  • Delta

    1.27 miles

  • Mobil

    1.79 miles

  • Gas Land

    1.85 miles

  • Shell

    1.86 miles

  • Tesla Destination Charger

    2.06 miles

  • Tesla Supercharger

    3.08 miles

  • Blink

    3.14 miles

  • ChargePoint Charging Station

    7.20 miles

  • Lot 2

    2.11 miles

  • Public Safety Complex/PCCC Garage

    2.14 miles

  • Lot 3

    2.17 miles

  • Lot 1

    2.18 miles

  • Paterson Parking Authority Site 8

    2.22 miles

  • Paterson Parking Authority Site 11

    2.25 miles

  • Paterson Parking Authority Site 12 East

    2.33 miles

  • Paterson Parking Authority Site 12 West

    2.36 miles

  • Paterson Parking Authority Site 2

    2.40 miles

  • Paterson Parking Authority Site 10

    2.43 miles

  • Rodeway Inn

    1.59 miles

  • Hyatt Place

    2.13 miles

  • Garden Plaza Hotel

    2.53 miles

  • Marriott Saddle Brook

    2.53 miles

  • Crowne Plaza

    2.61 miles

  • Ramada Rochelle Park Near Paramus

    2.63 miles

  • Best Western Hotel & Suites Paramus

    3.20 miles

  • Comfort Inn & Suites Paramus

    3.30 miles

  • Courtyard Paramus

    3.32 miles

  • Fairfield Inn & Suites

    3.90 miles

  • Magnit Bazaar

    0.84 miles

  • The Food Showcase

    0.89 miles

  • Lidl

    1.07 miles

  • Broadway Food Palace

    1.29 miles

  • Jersey Farmer’s Market

    1.29 miles

  • Rock Farmers Market

    1.85 miles

  • Krauzer's Food Stores

    1.86 miles

  • C-Town

    1.98 miles

  • Kilroy's Wonder Market

    2.03 miles

  • Peter Grocery

    2.08 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Bruce Elia Jr.

KW Commercial | Bruce Elia Jr. | Fort Lee