25 E Willow St - Medical CONDO FOR SALE


Millburn, NJ 07041
$2,675,000 USD
973-495-6031
25 E Willow St, Millburn, NJ for Sale
$2,675,000 USD
Medical CONDO - FOR SALE
1/24
null | Request Cap Rate

25 E Willow St
Millburn, NJ 07041


OVERVIEW

PROFESSIONAL MEDICAL PROPERTY This exceptional property is is 1 of a 2 unit semi-detached commercial condominium building. The building is comprised of Unit A and Unit B and sits on a 1.5 acre level lot. Unit A has approximately 8,000 square feet of building space and 0.7 acres of the lot attributed to it. Private parking lot with over 75 parking spaces. Located on a quiet street, easily accessible from major highways and roads: Routes 24, 78, 22, and the Garden State Parkway. It is centrally located between Overlook Hospital, Summit and St. Barnabas Medical Center, Livingston with each hospital less than 4 miles distance. Currently used and outfitted for medical practice and can be easily renovated and partitioned for other use. Currently occupied by three tenants. Details available upon request. The largest tenant, a medical office practice, occupies over 5,300 square feet and can accommodate either a continued tenancy or vacate to accommodate the new owner’s end use.

FOR SALE DETAILS

PRICE

$2,675,000 USD

PRICE/SF

$334 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

UNIT A

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

8,000 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,469 SF

ZONING

CMO

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Juliette PerosWeichert RealtorsMore Info
973-495-6031

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Juliette PerosWeichert RealtorsMore Info
973-495-6031

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.