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Medical Office with Finished Basement

700 Coventry Dr., Phillipsburg, NJ 08865

For Sale
$499,900

Renovated professional space can serve as one operation or two separate units.

Property Size5,129 SF
Price / SF$97.47
Days on Market119

Property Features for 700 Coventry Dr.

General Information

Standard status Active
Size 5,129 SF
Property subtype Commercial
Zoning 4A

Additional Details

Condition Newly Renovated

Amenities

meeting spaces

Building Details

Building Size 5,129 SF
Year Built 1989
Buildings 1
Stories 1
Units 1
Listing Agency: Bhhs Fox & Roach
Listed By: Brian P. Glynn
Source: Arcadiarealtors
Added: Jul 13 Changed: Nov 8 Last Checked: Nov 8 at 2:57PM

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 Bhhs Fox & Roach

Rey
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Investment Insights

Based on property information with market context.

This 5,129-square-foot medical office property was built in 1989 and has been renovated. Its 17 rooms include three bathrooms, two kitchens, and meeting areas. The finished basement has a separate entrance and egress, plus a sink, granite countertop, and refrigerator. The layout can accommodate one operation or two independent units.

Located at 700 Coventry Dr. in Lopatcong Township, the property is part of a professional campus. Parking is available, and the Coventry Association maintains the shared common areas throughout the year. The property is zoned 4A.

Key Highlights

  • 5,129 square feet of renovated medical office space
  • 17 rooms, 3 bathrooms, and 2 kitchens
  • Finished basement with separate entrance and egress

Property Analytics

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Open Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Bakery (Bike/Boat/Book/etc) Store Computer & Electronic Repair Carpet & Flooring 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.

Location Intelligence

Trade Area within ½ mile

774
Businesses Nearby
Under-served
Demand for This Use

Demographics for 08865, NJ

30,537
Population
14,146
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
93%
High-School Grad
41.5 sq mi
ZIP Area
736
Density / Sq Mi
$78,519
Median Household Income
$49,811
Median Earnings
$1,248
Median Rent
$244,200
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

Similar Off Market Nearby

  • Phillipsburg Veterinary Clinic — 581 Memorial Pkwy, Phillipsburg, NJ 08865

Frequently Asked Questions

What type of property is this?
Medical Office Space - Renovated professional space can serve as one operation or two separate units.
Where is this medical office space located?
The property is located at 700 Coventry Dr. Phillipsburg, NJ.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 5,129 square feet of renovated medical office space; 17 rooms, 3 bathrooms, and 2 kitchens; Finished basement with separate entrance and egress
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