216 Main St West Orange, NJ 07052-5606
This exceptional 2,400-square-foot medical office space is ideally situated at 216 Main Street in West Orange, New Jersey, zip code 07052. The property boasts a single-tenant occupancy, offering a unique opportunity for a medical practice seeking a dedicated and spacious location. The entire 2,400 square feet is currently vacant, providing immediate occupancy for a new tenant. The building features a full usable basement, adding significant potential for storage or expansion. Ample parking is available with 15 spaces conveniently located for patients and staff. This property is located in Essex County, New Jersey, offering easy access to major transportation routes and a thriving community. The address is 216 Main Street, West Orange, NJ 07052. The property type is classified as an office building, specifically a medical office. This presents a rare chance to establish or relocate a medical practice in a desirable and well-equipped space. The building's single-tenant configuration ensures privacy and control over the entire premises. The combination of size, parking, and location makes this an attractive proposition for a variety of medical professionals. The property is ready for immediate occupancy.
Check Cashing Facility. Check cashing facilities shall be permitted in the OB-1 Central Business District Overlay Zone as a conditional use but only after the following requirements are satisfied: Off-street parking spaces with a ratio of one space for every 20 square feet, and a minimum of 25 off-street parking spaces must be provided with a fifteen-minute…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
OB-1 · West Orange, NJCheck Cashing Facility. Check cashing facilities shall be permitted in the OB-1 Central Business District Overlay Zone as a conditional use but only after the following requirements are satisfied: Off-street parking spaces with a ratio of one space for every 20 square feet, and a minimum of 25 off-street parking spaces must be provided with a fifteen-minute parking limit to prevent loitering. The lighting on the inside and outside of the facility must be approved by the Township Engineering Department. The lighting in the parking lot must be high enough in intensity to provide adequate security to patrons but shall be shielded as to not interfere with the neighboring properties. The establishment shall have an interior vestibule with a double set of security doors operated by electronic signal for admittance. All windows and teller booths shall be installed with one inch bullet-proof glass. Security cameras shall be installed which provide interior and exterior surveillance. An alarm system shall be installed and connected directly to the West Orange Police Department with a panic button in each teller booth. There must be security personnel and procedures on the premises and in effect during all business hours. All such procedures and personnel must be approved in advance by the West Orange Police Department. The establishment shall close no later than 6:00 p.m. and open no earlier than 6:00 a.m. Motor Vehicle Sales Establishment. The minimum lot area shall be 40,000 square feet. The minimum lot width shall be 200 feet. The minimum front yard shall be 50 feet. The minimum side yards shall be 20 feet and 20 feet. The minimum rear yard shall be 50 feet. The display or sale of motor vehicles outside the confines of a building shall only be permitted in compliance with the following requirements: The area devoted to such use shall not be larger than the gross floor area of the principal building in which the primary or predominant use is conducted. The area devoted to such use shall be surfaced with an asphalt, bituminous or cement binder pavement which shall be graded and drained to dispose of all surface water. Any lighting in connection with such use shall be so arranged and shielded as to reflect the light downward away from all adjoining streets or buildings and shall comply with the lighting standards contained in this section. The area permitted for the use shall at all times be clearly and legibly marked on the required paved surface.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
