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Forest Hills Medical Office Space
For Lease
$2,500/Mo

500 Mount Prospect Ave, Newark, NJ 07104

Office space in Forest Hills, North Newark, previously a doctor's office.

Space SizeContact for details
Days on Market176

Property Features for 500 Mount Prospect Ave

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $10,817

Amenities

Central air
1 Unit Heating
Parking Lot-Shared
Wall A/C Unit(s) Cooling

Building Details

Year Built 1940
Listing Agency: C-21 SEMIAO & ASSOCIATES
Listed By: MANAL AMER
Source: Corcoran
Added: Mar 10 Changed: Aug 31 Last Checked: Aug 31 at 5:04PM

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 C-21 SEMIAO & ASSOCIATES

Investment Insights

Based on property information with market context.

Office space is available in Forest Hills, North Newark. Previously used as a doctor's office, the space includes a receptionist area, one office, three rooms, and a waiting area. It also features a kitchen for employees. Shared parking is available in the back of the building. Shared storage space is located in the basement. Utilities are included.

Key Highlights

  • Office space in desirable Forest Hills, North Newark location.
  • Includes receptionist area, private office, and three additional rooms.
  • Features a waiting area and employee kitchen.

Property Analytics

Current Use

Dr. Nabil Gerges ... Dental Office Elwood Medical Associates ... Physician Internet Medical Group: ... Physician Edward T Kalmar, ... Physician Dr. Robert J. ... Dental Office

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Law Firm Skin Care Clinic Veterinary Clinic

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,213
Businesses Nearby
Under-served
Demand for This Use

Demographics for 07104, NJ

54,051
Population
21,762
Households
2.5
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
2.5 sq mi
ZIP Area
21,620
Density / Sq Mi
$51,199
Median Household Income
$36,139
Median Earnings
$1,343
Median Rent
$337,400
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
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Office space in Forest Hills, North Newark, previously a doctor's office.
Where is this medical office space located?
The property is located at 500 Mount Prospect Ave Newark, NJ.
What is the lease rate?
The lease rate is $2,500/Mo.
What are key features of this property?
This property features: Office space in desirable Forest Hills, North Newark location.; Includes receptionist area, private office, and three additional rooms.; Features a waiting area and employee kitchen.
More about this property
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