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175 Fairfield Ave
West Caldwell, NJ 07006

$480,000 USD

Medical Condo For Sale  •  3,000 SF

Property Details

  • Property Type Medical
  • Total Building Size 40,000 SF
  • Lot Size 3.05 AC
  • Building Class B
  • Year Built 1987
  • Tenancy Multiple
  • Zoning 4A
0 Transit Score
27 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 3A & 3B Medical Office 3,000 SF $480,000 USD
  • Unit Size: 3,000 SF
  • Condo Use: Medical Office
  • Price: $480,000 USD
  • Sale Type: Investment
  • Price/SF: $160.00 USD
Description
Two medical condos, ideally situated in Essex County, NJ, await your consideration. Each unit encompasses a generous 1,500 square feet and can either remain independent or be merged to suit your needs. With a robust cap rate exceeding 6%, these condos represent a stable and attractive investment prospect. Furthermore, their potential for substantial future rental income makes them an enticing choice. Additionally, owner/users are welcomed, especially given that the current tenant has only three years remaining on their lease.

Sale Notes
Two medical condos, ideally situated in Essex County, NJ, await your consideration. Each unit encompasses a generous 1,500 square feet and can either remain independent or be merged to suit your needs. With a robust cap rate exceeding 6%, these condos represent a stable and attractive investment prospect. Furthermore, their potential for substantial future rental income makes them an enticing choice. Additionally, owner/users are welcomed, especially given that the current tenant has only three years remaining on their lease.

Description 

Discover two strategically positioned medical condominiums nestled within Essex County, New Jersey's prime locale. Each spacious condo boasts 1,500 square feet of versatile space, offering the flexibility to remain separate or seamlessly combine as needed. With an impressive cap rate exceeding 6%, these properties present a secure and reliable investment opportunity. Moreover, their potential for substantial future rental income makes them a compelling choice.

Amenities

  • Courtyard
  • Security System
  • Kitchen
  • Storage Space
  • Central Heating
  • Natural Light
  • Reception
  • Drop Ceiling
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Mountain View (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit)) 12 min - 4.5 mi
Wayne/Route 23 Transit Center (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit)) 12 min - 5.0 mi
AirportDriveWalkDistance
Newark Liberty International 32 min - 22.9 mi
La Guardia 44 min - 33.3 mi
John F. Kennedy International 57 min - 44.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 200
Type: Surface
Included in Rent: Yes
Jianning Meng 917-362-6003 RealMart Realty
Jianning Meng 917-362-6003 RealMart Realty