520 Pleasant Valley Way - Medical FOR SALE


West Orange, NJ 07052
$999,000 USD
973-985-3118
520 Pleasant Valley Way, West Orange, NJ for Sale
$999,000 USD
Medical - FOR SALE
1/25
null | 5.73% 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

Experience a rare opportunity to acquire a freestanding medical/professional office building on one of West Orange’s most established and high-visibility medical corridors. The current medical tenant has given notice and will be vacating in October 2026; however tenant is flexible to leave with 3 months' notice. This creates a prime opportunity for a full owner-user occupancy or complete repositioning for a new practice or professional firm. The building offers two finished levels with the potential for a third-floor addition, subject to township approval. The main level is efficiently designed for medical use and includes 4 exam rooms, 2 labs, 3 private physician offices, 3 restrooms, and a staff office/training room. The lower level provides excellent support space with file storage, a billing department, and a kitchenette, ideal for administrative operations. A major asset of this property is its large private parking lot, already providing strong capacity. Expansion of the parking area is possible with submission of Town drainage plans, giving future ownership the ability to increase parking count for higher patient volumes, group practices, or specialty medical use. A 2-car detached garage adds additional utility and storage. The building features handicap accessibility via a rear elevator, prominent roadside visibility, and high-traffic exposure for signage and branding. Current taxes are approximately $32,000 and are under appeal. With a newly reduced asking price of $999,000, this property represents one of the most competitively priced owner-user medical/professional opportunities in West Orange.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$204 USD /SF

CAP RATE

5.73%

% 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

Jeanie DonatoJVD REALTY ADVISORS LLCMore Info
973-985-3118

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Jeanie DonatoJVD REALTY ADVISORS LLCMore Info
973-985-3118

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