$1,375,000
Eatontown, NJ 07724
MLS# 22330304
5602 sqft
1 / 54
Property Description
Healthcare professionals and investors won't want to miss this chance to own a well-maintained medical / professional building in the heart of beautiful Eatontown! This nicely planned and spacious 5,600 (+/-) sq ft medical office building is close to major highways, Monmouth University and the Mall and sits on a large lot with its own private parking lot. The upper floor is currently used as a chiropractic office, but has many possible medical and professional uses. Income investors will appreciate the low expenses and strong income potential yielding an impressive cap rate. Building currently has approximately 1500 sf of vacant office space perfect for an additional tenant or owner use. Don't miss out on a rare opportunity to own this conveniently located commercial building.
Details
Maps
Contract Info
Status: Active
List Date: 2023-10-31
Property Sub-Type: Office
Sale: Yes
Lease: No
List Price: $1,375,000
Current Price: $1,375,000
List Price/SqFt: 245.45
New Construction: No
Location
House Number: 285
Street Name: Parker
Street Suffix: Road
County: Monmouth
Municipality: Eatontown (EAT)
Postal City: Eatontown
State: NJ
Zip Code: 07724
Area/Section: None
Directions: Route 35 N; right on Wall St; continue on Parker Rd; building parking lot on the left OR Route 36 E; right on Monmouth Rd; right on Parker Rd; building parking lot on the right.
General Property Info
# Levels: 2
Apx SqFt: 5602
Apx Year Built: 1986
Garage: No
# Parking Spaces: 23
Acreage: 0.75
Lot Dimensions: 119 x 275
Business Name: Active Care Solutions
Business Operating: Yes
Lease Expiration Date: 2024-07-31
Tax and Legal
Asmnt - Total: 722000
Taxes: 14250
Tax Year: 2022
Remarks & Misc
Excluded: Tenant furnishings and medical equipment
Income & Expenses
Financials Per: Year
Gross Income: 77400
Repair/Maintenance: 500
Property Features
Location: Other - See Remarks; Other - See Remarks
Use: Day Care; Medical; Professional Service; Professional/Office; Other
Interior: Fire Alarm; Sprinkler
Floors: Tile; Vinyl; Other
Basement: Heated; Partially Finished; Tenant Access; Tenant Storage; Walk-Out Access
Cooling: Central Air
Heating: Baseboard; Forced Air
Water Heater: Electric
Water: Public Water
Sewer: Public Sewer
Gas: On Site
Electric: 220 Volt
Exterior: Sign
Parking: Lighted; Off Street; On Site; Paved
Roof: Shingled
Sale Excludes: Business Name; Equipment/Furniture; Machinery; Phone System
Zoning: Commercial
Landlord Pays: Other - See Remarks
Assessment Status: Assessed
Documents Available: Aerial Photo; Financial Statement; Lease
Supplements
285 Parker Road boasts upgrades including a new roof, new HVAC systems and has recently been painted (exterior). The building has many uses and outstanding financials including a proforma cap rate of approximately 7%. With the current market's low inventory of high-quality investment properties, this one won't last!
Listing Office: RE/MAX Select
Listing Agent: Darren Tietsworth
Last Updated: March - 28 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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