Multi-Tenant Office
551 Park Avenue Scotch Plains, NJ 07076
For Sale
Contact for pricing
Pending
A fully occupied office building with long-term tenants and short-term leases, on 0.70 acres.
Property Size7,166 SF
Lot Size0.70 Acres
Days on Market104
Property Features for 551 Park Avenue
General Information
- Standard status
- Pending
- Size
- 7,166 SF
- Lot size
- 0.70 Acres
- Property subtype
- Multifamily, Office
Listing Agency:
CBRE - Saddle Brook
Listed By:
Samuel Bernhaut · License #NJ
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 23 at 1:53PM
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 CBRE - Saddle Brook
Investment Insights
Based on property information with market context.
551 Park Avenue in Scotch Plains is a stabilized, multi-tenant office property comprising a 7,166 rentable square foot building on 0.70 acres. The building is currently 100% occupied, with long-term tenants operating under short-term leases.
The offering is presented for sale as an investment opportunity with the ability to adjust lease outcomes for an investor or an owner-occupier. Additionally, the property has redevelopment potential for townhouses or garden apartments, both listed as permitted uses at 12 units per acre, subject to a minimum one-acre tract requirement.
The offering is presented for sale as an investment opportunity with the ability to adjust lease outcomes for an investor or an owner-occupier. Additionally, the property has redevelopment potential for townhouses or garden apartments, both listed as permitted uses at 12 units per acre, subject to a minimum one-acre tract requirement.
Key Highlights
- 7,166 rentable SF office building on 0.70 acres in Scotch Plains
- Currently 100% occupied with a reported 5.59% cap rate
- Long‑term tenants with short‑term leases in place
Property Analytics
Location Intelligence
Current Use by Public Records
Ms. Hilary Fineman
Foster Care Service
Language and Enrichment Center
Language School
Kimberly Riehl
Counselor
Amelia Turner
Counselor
Lauren Eberling
Counselor
FAQs
What type of property is this?
Office building - A fully occupied office building with long-term tenants and short-term leases, on 0.70 acres.
Where is this office building located?
The property is located at 551 Park Avenue Scotch Plains, NJ.
What are key features of this property?
This property features: 7,166 rentable SF office building on 0.70 acres in Scotch Plains; Currently 100% occupied with a reported 5.59% cap rate; Long‑term tenants with short‑term leases in place
