520 Pleasant Valley Way - Medical FOR SALE


West Orange, NJ 07052
$1,245,000 USD
973-985-3118
520 Pleasant Valley Way, West Orange, NJ for Sale
$1,245,000 USD
Medical - FOR SALE
1/25
null | 4.59% Cap Rate

520 Pleasant Valley Way
West Orange, NJ 07052


HIGHLIGHTS

  • Great location, 4.5 miles from St Barnabus Medical Center, Elevator access from rear, 15 Parking spaces

OVERVIEW

Great professional offices are currently occupied by a medical group that will continue leasing the whole building or just the larger suite and the owner can occupy the smaller suite. Could be owner/ user or tenant willing to stay duration of the lease ( 11/2026), so flexible opportunity! The building is 2 floors with the addition of a third floor, possibly subject to town approval. There are 4 exam rooms, 2 labs, 3 bathrooms, 3 doctors' offices, and a staff office/training room on the first floor. The basement has file storage, a billing department, and a small kitchen. Large private parking lot with 2-car garage for 2 extra spaces. Handicap accessibility via elevator from the rear of the building. Great Opportunity on a busy road with signage. Current taxes $34K currently under appeal.

FOR SALE DETAILS

PRICE

$1,245,000 USD

PRICE/SF

$255 USD /SF

CAP RATE

4.59%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

R-6

APN/PARCEL ID

22-00154-06-00009

ASK ABOUT THIS PROPERTY

Jean DonatoJVD REALTY ADVISORS LLCMore Info
973-985-3118

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Jean DonatoJVD REALTY ADVISORS LLCMore Info
973-985-3118

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