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Freestanding Medical Office Building
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123 Grand Avenue, Palisades Park, NJ 07650

Multi-level commercial layout with treatment, office, kitchen, storage, and utility areas.

Property SizeContact for details
Days on Market4

Property Features for 123 Grand Avenue

General Information

Standard status Active
Total Parking Spaces 4
Property subtype Commercial
Zoning B-2

Site & Location

Highway Access Yes
Public Transit Yes

Building Details

Buildings 1
Listing Agency: RE/MAX NOW - Palisades Park
Listed By: Grace Lee · License #2191180
Source: Capmarkrealty
Added: Sep 16 Last Checked: Sep 19 at 7:06AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX NOW - Palisades Park

Investment Insights

Based on property information with market context.

This freestanding medical office property provides a practical multi-level configuration for professional and clinical operations. The ground floor includes a reception area, patient or treatment room, and office space. Three additional rooms and a bathroom are located on the second floor, while the full basement contains a kitchen area, storage space, and utility area.

Approximately four designated parking spaces are positioned at the rear, with additional parking available. The property is located on Grand Avenue in Palisades Park, near public transportation, bus stops, major highways, shopping, and surrounding businesses. B-2 zoning supports a range of permitted commercial and professional uses, subject to verification with the Borough of Palisades Park.

Key Highlights

  • Freestanding medical office building with reception, treatment, and office areas
  • Three additional rooms and a bathroom on the second floor
  • Full basement with kitchen area, storage, and utility space

Property Analytics

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Current Use

Jae Ho Choi, ... Alternative Medicine Practice 간송한의원123 Acupuncture & Herbs ... Medical Clinic

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Pet Store Pet Store & Service Carpet & Flooring Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,925
Businesses Nearby
Under-served
Demand for This Use

Demographics for 07650, NJ

20,292
Population
7,612
Households
2.7
Avg Household Size
40
Median Age
54%
College-Educated
90%
High-School Grad
1.2 sq mi
ZIP Area
16,910
Density / Sq Mi
$101,295
Median Household Income
$50,817
Median Earnings
$1,976
Median Rent
$704,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Multi-level commercial layout with treatment, office, kitchen, storage, and utility areas.
Where is this medical office space located?
The property is located at 123 Grand Avenue Palisades Park, NJ.
What are key features of this property?
This property features: Freestanding medical office building with reception, treatment, and office areas; Three additional rooms and a bathroom on the second floor; Full basement with kitchen area, storage, and utility space
More about this property
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