200 South St - Medical FOR SALE


New Providence, NJ 07974
$2,900,000 USD
908-868-2178
200 South St, New Providence, NJ for Sale
$2,900,000 USD
Medical - FOR SALE
1/56
null | Request Cap Rate

200 South St
New Providence, NJ 07974


HIGHLIGHTS

  • Freestanding building in New Providence
  • 33 Parking Spots
  • Broad Zoning for Multiple Uses

OVERVIEW

Freestanding building on big lot with 33 parking spots. Each floor consists of 5000 square feet each. One tenant currently occupying a approx 1900 of 1st floor rear of building and pays $3900/month. 1st Floor Lease ends Aug 2026 with one option to renew for 12 months. The rest of the building is currently vacant, approximately 3100 sq ft on 1st floor and another 5,000 square feet on 2nd floor. Very broad zoning including medical, office, etc. and the perfect opportunity for an investor or owner user to purchase a landmark property on South Street in the very sought after New Providence, NJ. Also available for rent at $35/sq ft for 1st floor and $29.50/sq ft for 2nd floor.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$290 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Murray Hill Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Day Care Center, Freestanding, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

OR Zone

APN/PARCEL ID

11-00237-0000-00007-01

ASK ABOUT THIS PROPERTY

Jonathan SteingraberSignature Realty NJ LLCMore Info
908-868-2178

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Jonathan SteingraberSignature Realty NJ LLCMore Info
908-868-2178

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