2713 State Rt 23 Newfoundland, NJ 07435-1414
This exceptional commercial office space, located at 2713 STATE RT 23 Unit 8A2 in Newfoundland, NJ, presents a fantastic opportunity for a variety of professional businesses. Situated in a thriving mixed-use complex, this property boasts a prime off-highway location with abundant parking, ensuring convenient access for clients and employees. The building enjoys a strong tenant mix, including established businesses such as Lakeland Bank, the Post Office, a deli, and an optical shop, creating a vibrant and busy atmosphere. The office itself currently measures approximately 300 square feet and features two rooms ideally suited for professional use. The space shares a common lobby and restroom on the second level, offering a professional and efficient layout. A significant advantage is the potential to expand the office space if future needs require additional square footage. This makes it an adaptable and scalable solution for growing businesses. The property's location within a well-established commercial center, combined with its ample parking and flexible space, makes it an attractive option for businesses seeking a high-visibility and convenient location in Newfoundland, New Jersey. The asking price is $675,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
1 · Newfoundland, NJNewfoundland. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.