Building Details

Building Size 900 SF

Year Built 1970

Tenancy Multi

Listing Agency: Keller Williams Mid-Town Direct Show Phone

Listed By: Isabella Brito

Source: Culturaunitedrealty

Added: Oct 1 Changed: Oct 23 Last Checked: Oct 23 at 3:57PM

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Investment Insights

Based on property information with market context.

The 900-square-foot office suite is part of a multi-tenant commercial center built in 1970. Its prior use was as a legal office, and the property carries OBHB zoning. Current occupants include medical practices, professional offices, and educational facilities.

The center is located at the corner of Springfield Ave and Millburn Ave in Maplewood Township. On-site parking is available, and the property is accessible to major highways and public transit.

Key Highlights

• 900‑square‑foot office suite
• OBHB zoning
• Part of a multi‑tenant center with medical, professional, and educational occupants

Property Analytics

Current Use

Dr. Michael Cece, ... Dental Office Harriet E Raghnal ... Law Firm Advanced Pain Care Spa & Massage Center Atlantic Health System Hospital CE CE Michael ... Dental Office

Suggested Use

Top Pick Hotel & Motel Computer & Electronic Repair Nursing Home Florist Home Appliance Store (Bike/Boat/Book/etc) Store

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

Multi-tenant

Tenancy

Yes

Highway access

NNN (Triple Net)

Lease Type

$3.60 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,395

Businesses Nearby

Explore this area Business Placement

Demographics for 07040, NJ

25,684

Population

8,981

Households

2.9

Avg Household Size

39

Median Age

69%

College-Educated

96%

High-School Grad

3.9 sq mi

ZIP Area

6,586

Density / Sq Mi

$167,428

Median Household Income

$72,475

Median Earnings

$2,184

Median Rent

$684,600

Median Home Value

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

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Frequently Asked Questions

What type of property is this?

Office unit - OBHB-zoned space is within a center occupied by medical, professional, and educational tenants.

Where is this office unit located?

The property is located at 2040 Millburn Ave Maplewood, NJ.

What is the lease rate?

The lease rate is $1,800/Mo.

What are key features of this property?

This property features: 900‑square‑foot office suite; OBHB zoning; Part of a multi‑tenant center with medical, professional, and educational occupants