Updated Medical Office End
For Sale
$300,000
8 Shunpike Rd, Madison, NJ 07940
Updated medical office end unit near hospitals and major routes.
Property Size10,000 SF
Price / SF$30
Days on Market168
Property Features for 8 Shunpike Rd
General Information
Standard status
Active
Size
10,000 SF
Building Details
Year Built
1964
Listing Agency:
KL SOTHEBY'S INT'L. REALTY
Listed By:
LIDIA S. GABINELLI
Source:
Luminancerealty
Added: Mar 24
Changed: Sep 4
Last Checked: Sep 7 at 12:00PM
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 KL SOTHEBY'S INT'L. REALTY
Investment Insights
Based on property information with market context.
This 1,024-square-foot medical office end unit, updated in 2025, features a reception/waiting area, reception office, three to four exam rooms, a private office, a kitchenette, a bathroom, and a closet with a door lock. It is intended for medical or dental use. The building is divided into seven units with a partnership agreement. A monthly fee of $1,792 covers maintenance, including trash and recycle removal, landscaping, and snow removal, as well as utilities such as heat, electric for common areas, water, sewer, and insurance. The central heating system consists of gas forced hot air with package air conditioning. The roof, new in 2021, is flat with a wood deck and tar covering. The property is conveniently located close to Morristown Memorial & Overlook Hospitals, shops, restaurants, and routes 24, 78, and 287.
Key Highlights
- Updated in 2025 medical office space.
- Close proximity to Morristown Memorial & Overlook Hospitals.
- Includes reception area, 3‑4 exam rooms, private office, kitchenette, and bathroom.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07940, NJ
18,403
Population
5,733
Households
3.2
Avg Household Size
34
Median Age
71%
College-Educated
97%
High-School Grad
4.9 sq mi
ZIP Area
3,756
Density / Sq Mi
$168,520
Median Household Income
$53,352
Median Earnings
$2,248
Median Rent
$883,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Updated medical office end unit near hospitals and major routes.
Where is this medical office space located?
The property is located at 8 Shunpike Rd Madison, NJ.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Updated in 2025 medical office space.; Close proximity to Morristown Memorial & Overlook Hospitals.; Includes reception area, **3‑4 exam rooms, private office, kitchenette, and bathroom.**
