285 Grand Ave - Medical FOR SALE


Englewood, NJ 07631
$4,500,000 USD
201-706-7005
285 Grand Ave, Englewood, NJ for Sale
$4,500,000 USD
Medical - FOR SALE
1/10
null | 6.87% Cap Rate

285 Grand Ave
Englewood, NJ 07631


OVERVIEW

This exceptional commercial office complex, located on 1.53 acres, offers a rare opportunity for ownership in a sought-after area. Comprising 19,237 square feet spread across three distinctive buildings, this property blends historic character with modern functionality. The centerpiece of the complex, Building 1, was originally a stone farmhouse dating back to the 1800s. It has since been expanded and meticulously renovated to offer 7,800 square feet of versatile office space. ***That said, the DEP and city have no restrictions for development on this building or parcel (inquire for details).*** Buildings 3 and 5, both newly constructed in 1985, provide additional space with a combined 9,437 square feet, allowing for flexible layouts and customization to suit various business needs. NOI: $309,079.75 - some value add (inquire for details) 10 tenants include a dental practice and office professionals. 6 tenants in Building 1 and 2 tenants in each of the other 2 buildings (Building 3 and Building 5). Located minutes from downtown Englewood, Englewood Hospital, and Route 4. The buildings feature wood-frame and masonry construction with attractive cedar-shingle exteriors, offering a professional and welcoming environment. Building 1 includes a basement, adding even more functional space to the property. The complex comes with 80 unassigned parking spaces, ensuring convenience for employees and clients alike. With its unique blend of historic architecture and modern office design, this property is ideal for companies looking to establish a presence in a well-located and distinctive setting. This is a rare opportunity to own a fully functional, multi-building corporate park that offers both charm and practicality. Don't miss out on the chance to make this one-of-a-kind property the new home for your business. Contact us today to arrange a private tour and explore the full potential of this exceptional office complex.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$214 USD /SF

CAP RATE

6.87%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Patriot Centre

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

RM-B

APN/PARCEL ID

15-02805-0000-00012-02

ASK ABOUT THIS PROPERTY

James MalkiJ.Michaels RealtyMore Info
201-706-7005

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

James MalkiJ.Michaels RealtyMore Info
201-706-7005

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