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    228-230 Jersey St Elizabeth, NJ 07202

    Sponsored
    For Lease
    $25 SF/Yr

    NJ Medical Office Suites Available Now

    Lot size:
    21,816 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional four-story medical office building, located at 228-230 West Jersey Street in Elizabeth, New Jersey, presents a unique leasing opportunity. Situated on a 0.95-acre lot in Union County, this Class C building offers a total of 21,816 square feet of space, with 7,356 square feet currently vacant. The building was constructed in 1955 and boasts ample parking for tenants and their clients. Multiple tenancy options are available, with suites ranging from a minimum of 617 square feet to a maximum contiguous space of 1,996 square feet. This presents flexibility for practices of various sizes, from solo practitioners to larger medical groups. The building's location in a well-established and thriving neighborhood provides excellent visibility and accessibility for patients. The property's history as a trusted professional hub ensures a strong foundation for continued success. This is an ideal opportunity for medical professionals seeking established space in a convenient and reputable location. The address is 228-230 West Jersey Street, Elizabeth, NJ 07202. Contact us today to learn more about available suites and leasing options.

    Property Features for 228-230 Jersey St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,816 SF
    Class
    C
    Total Rate
    45450

    Building Details

    Year Built
    1955
    Stories
    4

    Unit(s) available at that property

    Space
    Lower Level 3
    Size
    1,996 SF
    Rate per SF
    $25
    Space
    Lower Level 5
    Size
    617 SF
    Rate per SF
    $25
    Space
    Suite 102
    Size
    628 SF
    Rate per SF
    $25
    Space
    Suite 106
    Size
    1,415 SF
    Rate per SF
    $25
    Space
    Suite 108
    Size
    1,500 SF
    Rate per SF
    $25
    Space
    Suite 306
    Size
    1,200 SF
    Rate per SF
    $25

    HighLights

    • Established medical office building with a strong reputation in Elizabeth, NJ.
    • Newly renovated tenant lounge with vending machines.
    • Ample parking with modern LED lighting.
    • Excellent location near Trinitas Regional Medical Center.
    • High‑traffic area with a diverse and growing population base.
    • Tenants responsible for internet and phone services.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elizabeth
    County
    Union
    State
    New Jersey
    Longitude
    -74.224215
    Latitude
    40.6631839

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    FAQs

    What type of property is this?
    Medical office - NJ Medical Office Suites Available Now
    Where is this medical office located?
    The property is located at 228-230 Jersey St Elizabeth, NJ.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Established medical office building with a strong reputation in Elizabeth, NJ.; Newly renovated tenant lounge with vending machines.; Ample parking with modern LED lighting.
    Request Owner's contact information
    228-230 Jersey St Elizabeth, NJ 07202
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    Elizabeth, NJ 07202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    228-230 Jersey St Elizabeth, NJ 07202
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