383 Northfield Rd
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383 Northfield Rd
5,000 SF 100% Leased Office Building West Orange, NJ 07052 $1,500,000 ($300/SF)
Executive Summary
Prime Investment Opportunity: Fully Leased 5,000 sq. ft. Office/Medical Building. This 5,000 square foot, free-standing office/medical building offers a rare investment opportunity in a highly desirable and high-traffic location. Positioned on a busy road, the property benefits from exceptional visibility and accessibility, attracting a steady flow of foot and vehicle traffic.The building is fully leased to reputable tenants, providing a stable and reliable income stream for the investor. With ample on-site parking, it serves as an ideal space for medical or office-based businesses. The layout is versatile, offering a functional mix of private offices, treatment rooms, and open areas, easily adaptable to a variety of uses. This property presents an excellent opportunity for investors seeking a stable, income-generating asset with great long-term potential. Don't miss out on the chance to acquire this prime real estate with a solid return on investment.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,000 SF
Building Class
B
Year Built
1980
Price
$1,500,000
Price Per SF
$300
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,880 SF
Slab To Slab
12’
Building FAR
0.33
Lot Size
0.35 AC
Zoning
R-5 - R-5
Parking
20 Spaces (4 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
Parcel Number | 22-00158-02-00097 | Improvements Assessment | $203,000 |
Land Assessment | $375,000 | Total Assessment | $578,000 |
PROPERTY TAXES
Parcel Number
22-00158-02-00097
Land Assessment
$375,000
Improvements Assessment
$203,000
Total Assessment
$578,000
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383 Northfield Rd
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