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    Parsippany, NJ Medical Centers for Sale

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    Medical Office Building with Long-Term Tenancy
    Updated: Apr 11
    Medical Office Building with Long-Term Tenancy

    Parsippany Troy Hills, NJ 07054

    Contact for pricing
    27,540 sqft
    27,540 SF medical office building at the intersection of Route 46 and Cherry Hill Road in Parsippany.
    81% of building tenants have occupied their suites for over 25 years; historically high occupancy reported.
    Current weighted average lease term of 4.1 years.
    $275,000 in capital expenditures in the last three years, including HVAC system upgrades, elevator upgrades, common area updates, and exterior finishes.
    Convenient location across the street from a CVS Pharmacy and close to St. Claire's Hospital in Denville and Morristown Medical Center.
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Parsippany, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Two-Story Medical Office Building
    Two-Story Medical Office Building

    456 Prospect Ave, West Orange, NJ 07052

    Contact for pricing
    8,800 sqft

    Two-story medical office designed for clinical uses with visibility along a main roadway near major retail and hotel anchors.

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    Medical Office with Surgical Rooms
    Medical Office with Surgical Rooms

    393 Mulberry St, Newark, NJ 07102

    Contact for pricing
    11,200 sqft

    Newly built medical space includes surgical rooms, private offices, patient rooms, and lockers, with covered parking.

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    Brick Clinic and School Facility
    Brick Clinic and School Facility

    148 S 11th St, Newark, NJ 07107

    Contact for pricing

    Brick and concrete facility with prewired phone and internet, plus ample off-street parking.

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    Medical and Child Development Site
    Medical and Child Development Site

    1579 Sussex Turnpike, Randolph, NJ 07869

    Contact for pricing

    For sale site supporting both medical use and early childhood development programming.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Zoned Residential and Commercial Land
    Zoned Residential and Commercial Land

    6217-6233 MEADOWVIEW AVE, North Bergen, NJ 07047

    $4,179,999
    0.57 AC lot

    Zoned R1, R3, and C1 land with environmental testing completed and pending approvals for redevelopment planning.

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    Harlem Development Opportunity
    Harlem Development Opportunity

    New York City, NY 10027

    Contact for pricing
    20,780 sqft 0.07 AC lot

    Vacant lot in Central Harlem, ideal for community facility.

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    Brewster, NY Commercial Land
    Brewster, NY Commercial Land

    1553 22 Route, Brewster, NY 10509

    $700,000
    2.14 AC lot

    2.14 acre commercial land suitable for various development projects.

    View details
    Evesham Road Development Opportunity
    Evesham Road Development Opportunity

    850 East Evesham Road, Cherry Hill, NJ 08003

    $1,900,000
    3.79 AC lot

    Development-ready +/-3.79-acre site on Evesham Road corridor.

    View details

    Parsippany, NJ Medical Centers Market Trends and Statistics

    Explore 1 medical centers for sale in Parsippany, NJ on our real estate platform. These investment opportunities span a total of 27,540 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Medical centers 1

    Demographics Overview

    Population 30K
    Population Growth (5Y) +2.1%
    Median Household Income $107,955
    College Educated 85.1%

    Taxes & Financing

    Tax Rate (average for all types) 3.38%
    Property Tax per SF $29.66 per SF
    Tax Rate vs County Average 0.86 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Morris County

    New Delisted

    Total CRE Inventory on Market (SF)

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