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    175 Morris Ave Springfield, NJ 07081

    Sponsored
    For Lease
    Contact for pricing

    Prime Medical Office, 3,000 SF Available

    Lot size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,000 square foot medical office space is ideally situated at 175 Morris Avenue in Springfield, New Jersey, 07081. The property boasts a single-tenant occupancy, offering a unique opportunity for a medical practice seeking a dedicated and spacious location. The building itself is a four-story structure, with the entire 3,000 square feet currently vacant and ready for immediate occupancy. The property type is classified as both retail and office, making it versatile and adaptable to a variety of medical specialties. The generous 0.68-acre lot provides ample space and potential for future expansion or outdoor amenities. Located in Springfield, NJ, this property offers convenient access to major transportation routes and a thriving community. The building's size and layout are perfect for a practice needing a significant footprint to accommodate various medical functions. This is a rare opportunity to secure a substantial, single-tenant medical office space in a desirable New Jersey location. The property is available for lease and presents a compelling investment prospect for a growing medical practice. Interested parties are encouraged to inquire for further details and to schedule a viewing. The address is 175 Morris Ave, Springfield, NJ 07081.

    Property Features for 175 Morris Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,000 SF

    Building Details

    Stories
    4

    Unit(s) available at that property

    Space
    Available Space
    Size
    3,000 SF

    HighLights

    • ±3,000 square foot building.
    • Four‑story development potential.
    • 60% building coverage ratio.
    • 81% lot coverage.
    • ±18,254 square foot building footprint.
    • ±0.68‑acre lot size.
    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 Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Union
    State
    New Jersey
    Longitude
    -74.3089276
    Latitude
    40.7104626

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, 3,000 SF Available
    Where is this medical office located?
    The property is located at 175 Morris Ave Springfield, NJ.
    What are key features of this property?
    This property features: ±3,000 square foot building.; Four-story development potential.; 60% building coverage ratio.
    Request Owner's contact information
    175 Morris Ave Springfield, NJ 07081
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    Springfield, NJ 07081
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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
    175 Morris Ave Springfield, NJ 07081
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