Marcus & Millichap presents 225 State Route 23 Hamburg, NJ. The
property is a 15 Unit, 17,100 sq. ft. ofce / medical building. The
tenant mix includes a regional doctors group, a dentist, physical
therapist, insurance agent, and other diverse professionals. Several of
the tenants have been in place over ten years, leases are short to longterm in length. The property is in good condition and sits on a 1.33-
acre parcel with a total of 60 parking spaces.
The property boasts a strong occupancy rate of 95%, with over 50% of
its rental income derived from medical-related tenants, providing a
stable and reliable income stream. Anchored by a prominent regional
medical practice, the property is situated in an afuent community with
an average household income of $112,000 within a 3-mile radius.
Ample parking ensures convenience for both tenants and visitors, while
the surrounding area features nearby retailers including Walmart,
ShopRite, Walgreens, and McDonald's. Additionally, the property is
located just 3 miles from the Crystal Springs Luxury Golf & Spa Resort,