860 Lower Ferry Rd - Office CONDO FOR SALE


$725,000 USD
973-223-0690
860 Lower Ferry Rd, Ewing, NJ for Sale
$725,000 USD
Office CONDO - FOR SALE
1/36
null | 8.07% Cap Rate

NEW



HIGHLIGHTS

  • 3 separate suites, all vacant, Occupy one, lease two
  • 49 parking spaces,
  • 11 private offices plus a physician's office
  • Reception and 3 waiting areas
  • Treatment rooms with sinks
  • 2 kitchenettes, 2 common restrooms Male & Female

OVERVIEW

This is a multi-tenant value-add opportunity. The 8,728 SF office condominium at Cambridge Hall is already divided into three separate suites. That gives you a proven multi-tenant setup: the two north suites have been leased before, and the larger main suite was a medical practice. All three are vacant, so you control the lease-up and can set rents at market from day one. At under $84/SF, your basis is low in a submarket where comparable Class B/C office space is asking roughly $12–$20/SF per year. Spreading income across three tenants reduces the risk of relying on a single tenant, and the medical-ready main suite appeals to healthcare users, a sector known for sticky, long-term tenancies. The upside comes from light cosmetic work (ceilings, flooring, paint) and leasing. Common restrooms and 49 parking spaces support multiple tenants. The schedule of expenses and floor plan are available upon request.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$83 USD /SF

CAP RATE

8.07%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

8,728 SF

STORIES

7

BUILDING CLASS

B

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

153

LAND DETAILS

LAND ACRES

4.23 AC

LAND SF

184,259 SF

ZONING

R-M

APN/PARCEL ID

02-00322-0000-00015,02-00322-0000-00015-0000-C1-K,02-00322-0000-00015-0000-C110,02-00322-0000-00015-0000-C2-K,02-00322-0000-00015-0000-C203,02-00322-0000-00015-0000-C210,02-00322-0000-00015-0000-C6-M,02-00322-0000-00015-0000-C604,02-00322-0000-00015-0000-C612

ASK ABOUT THIS PROPERTY

JOSE DEOLIVEIRAVylla HomeMore Info
973-223-0690

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

JOSE DEOLIVEIRAVylla HomeMore Info
973-223-0690

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