For Sale

24 Little Falls Rd,Fairfield Twp., NJ 07004-1913

July 1, 2025

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. ————————————

Property ID:PT-144591-AXZR

Offer Type:For Sale

Property Type:Retail Complex

Price: 1,500,000 $

Year Built:1979

Listing Details

Status: Active

Location

County: Essex

Lotsize: 140X206

Lot Description: Level Lot

Office SqFt: 4584

Property Type: Retail Complex

Lot Identifier: 25

Home Details

Location: Business District

Acreage: 0.66

Sale Includes: Building & Land

Renovated: 2015

Construction: Formed Concrete

Exterior Description: Brick/Block, Concrete

Roof Description: Flat

Number of Garage Spaces: 23

Number of Stories: 1

Number of Units: 5

Number of Lavatories: 5

Max Ceiling Height: 9

Max Door Height: 7

Floors: Laminate

Available SqFt: 4584

Building SqFt: 4584

Parking Desc: Blacktop

Easement/Desc: Unknown

Basmnt/Desc: Yes - Partial

Tenant Pays: Electric, Heat, Trash Removal

Owner Pays: Hot Water, Maintenance-Common Area, Snow Removal

YB/Desc: 1979 - Approximate

Block Identifier: 2703

County Number: 16

Town Number: 1607

Possession: At closing

Taxes, Fees & Assessments

For Sale Or Lease: For Sale

Lease Info: Options Available

Lease Includes: Building Insurance, Building Maintenance

Ownership: Fee Simple

Tax ID For Property: 1607-02703-0000-00025-0000-

Tax Amount: $15,779.00

Tax Year: 2024

Tax Rate: 2.136%

Tax Rate Year: 2024

Farm Assessment: No

Land Assessment: $308,500.00

Building Assessment: $460,100.00

Total Assessment: $768,600.00

Utilities

Equipment Available: Fire Alarm, Restrooms - Private, Sign - Building, Sign - Freestanding, Smoke Detector

Heat Source: Gas-Natural

Heat System: Baseboard - Hotwater

Cool System: Central Air

Water: Public Water

Sewer: Public Sewer

Utilities: All Underground

Services: Cable TV Available

Other

Zoning: Commercial

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1,500,000 $

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Listing Details

24 Little Falls Rd,Fairfield Twp., NJ 07004-1913

Description

Details