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Description

Prime medical investment or owner occupied opportunity with this professional building, Fully occupied with three long time anchor tenants spanning 24,000 square feet situated on .67 acre of land offered at $4,799,000 with 7% CAP RATE IN RETURN ON INVESTMENT. The property is equipped with two elevators, loading docks and a generator , ensuring excellent logistic functionality for its anchor long time tenants which comprises of FRESENIUS DIALYSIS CENTER, STATE OF NEW JERSEY AND CITY OF EAST ORANGE. The property includes 64 parking spaces potential for generating more income on a month-to-month basis offering immediate cash flow potential. Explore the potential for growth and success in this prime medical / commercial space Conveniently located near Major Highways, RWJ, Cooperman Barnabas Medical Center, Clara Maass Medical Center, Newark Beth Israel Medical Center, Overlook Medical Center and many more. Don't miss this chance to invest in a high-growth, sought-after area with the Possibility to build an apartment complex.

Features

  • Heating System : Forced Hot Air, Multi-zone
  • Cooling System : Central Air, Multi-zone Cooling
  • Basement : Full, Unfinished
  • Roof Deck : Asphalt Shingle, Rubberized
  • Furnished : Tile, Laminate, See Remarks, Vinyl-linoleum, Concrete
  • Lot Description: Open Lot
  • Tax Assessed Valuation: 4559800
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Gas-Natural
  • Internet

Additional Info

  • Office Name: KELLER WILLIAMS REALTY
  • Office MLS ID: 5328
  • Agent ID: 287397
  • Tax: 143223
  • Tax Year: 2024
  • Application Fee: $0
  • Zoning: Commercial

Commercial For Sale

For Sale
$4,799,000

110 S Grove St, East Orange City, *

  • SQFT 148 Acre
  • Built Year 1980

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5378780
  • Price: $4,799,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1980
  • Year Built Description: Approximate
  • Lot Area: 148 Acre
  • Status: Active
  • Days On Market: 7

Contact Agent

Sky Realty & Associates
View Listings

Map

Address Map

  • Country US
  • County Essex
  • City East Orange City
  • Zipcode *
  • Subdivision: Medical/Professional Office
  • Street: S Grove St
  • Street Number: 110
  • Street Direction: Garden State Pkwy to Grove st
  • Building Name: 110
  • Floor Number: 0
  • Longitude: W75° 47' 43.6''
  • Latitude: N40° 45' 11.7''
  • Internet Display Address: Yes

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