Current Use by Public Records
- Office Spaces
Property Details for 281 Browertown Rd
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This 1,030-square-foot office condo in Woodland Park, New Jersey, presents a compelling investment opportunity with a 7.01% capitalization rate. Located at 281 Browertown Road, this end-corner unit boasts a prime location in a thriving community. Currently configured as a well-established dental office, this versatile space is ideal for a variety of professional or retail uses. The property offers ample on-site parking for convenience. The asking price is $599,000, with a net operating income (NOI) of $42,000. The property's pro-forma NOI and cap rate are also 7.01%. The space is available for occupancy on March 12, 2024. This thoughtfully designed space combines modern amenities with a comfortable atmosphere, catering to both business operations and client needs. The property's location and versatile design make it an attractive option for entrepreneurs and investors seeking a strong return on investment in a desirable New Jersey market. The price per square foot is $581.55. This exceptional opportunity is perfect for those seeking a well-established space in a vibrant community.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Woodland Park
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.2071
- Latitude
- 40.8843
