Murray Hill Plaza | 200 South St
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Murray Hill Plaza 200 South St
10,000 SF Vacant Office Building New Providence, NJ 07974 $2,500,000 ($250/SF)
Investment Highlights
- Freestanding building in New Providence
- Broad Zoning for Multiple Uses
- 33 Parking Spots
Executive Summary
Freestanding building on big lot with 33 parking spots. Each floor consists of 5000 square feet each. One tenant currently occupying a approx 2000 sq ft of 1st floor rear of building and pays $3900/month. The rest of the building is currently vacant. Very broad zoning including medical 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 $23.50/sq ft all in + utilities. Tenant on 1st floor has a lease until August 2026 with 1 option to renew for an additional 12 months.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
10,000 SF
Building Class
B
Year Built
1984
Price
$2,500,000
Price Per SF
$250
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,000 SF
Building FAR
0.33
Lot Size
0.69 AC
Zoning
OR Zone - OR Zone
Parking
33 Spaces (3.3 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Zumbini by Allie
- Arts, Entertainment, and Recreation
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Zumbini by Allie | Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
OR zoning for medical and office uses.
OR zoning for medical and office uses.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 2,500-3,000 SF | Office/Medical | - | Now |
| 2nd Floor | 5,000 SF | Office/Medical | - | Now |
1st Floor
| Size |
| 2,500-3,000 SF |
| Space Use |
| Office/Medical |
| Condition |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 5,000 SF |
| Space Use |
| Office/Medical |
| Condition |
| - |
| Available |
| Now |
1 of 22
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 2,500-3,000 SF |
| Space Use | Office/Medical |
| Condition | - |
| Available | Now |
OR zoning for medical and office uses.
2nd Floor
| Size | 5,000 SF |
| Space Use | Office/Medical |
| Condition | - |
| Available | Now |
OR zoning for medical and office uses.
Walk Score ®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 11-00237-0000-00007-01 | Total Assessment | $767,000 |
| Land Assessment | $299,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $467,500 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
11-00237-0000-00007-01
Land Assessment
$299,500
Improvements Assessment
$467,500
Total Assessment
$767,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 57
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Murray Hill Plaza | 200 South St
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