386 Lafayette Ave - Medical FOR SALE


Hawthorne, NJ 07506
$1,100,000 USD
973-638-2902
386 Lafayette Ave, Hawthorne, NJ for Sale
$1,100,000 USD
Medical - FOR SALE
1/13
null | Request Cap Rate

386 Lafayette Ave
Hawthorne, NJ 07506


HIGHLIGHTS

  • Versatile Zoning
  • Convenient Location
  • Transit Oriented Location
  • Proximity to Higher Education
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of 386 Lafayette Avenue in Hawthorne, New Jersey (the “Property”). 386 Lafayette Avenue is improved by a two-story building with 2,486 square feet as well as a usable basement (not included in the square footage) on a 0.31-acre parcel (13,445 square feet). The Property is a medical office building that has previously been used as a bank and as a medical office. 386 Lafayette Avenue contains seven (7) suites and will be delivered vacant. The parcel is zoned O-1 Research & Restricted Office Use, a flexible zoning designation that permits a range of low-intensity commercial and professional uses. The Property is well located along Lafayette Avenue, the area’s primary commercial corridor and a key commuter route through the center of Hawthorne. Surrounded by municipal buildings, schools, and a mix of local retailers and restaurants, the Property benefits from consistent traffic and strong neighborhood visibility. Lafayette Avenue is lined with established residential neighborhoods, providing a built-in customer base for the Property’s commercial or professional tenants. The location also offers direct access to NJ Transit bus service and is less than a mile from the Hawthorne Train Station, which provides service to Hoboken Terminal with connections to Manhattan’s Penn Station. Located in Passaic County, Hawthorne is a stable, suburban community approximately 20 miles northwest of Midtown Manhattan, with excellent connectivity via Route 208, which links to Interstates 80 and 287, as well as Route 4, providing seamless regional access throughout northern New Jersey.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$397 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1903

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

O-1

APN/PARCEL ID

04-00096-0000-00005

ASK ABOUT THIS PROPERTY

Marc PrestaHorvath & TremblayMore Info
973-638-2902

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Marc PrestaHorvath & TremblayMore Info
973-638-2902

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.