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Property profile & analytics
OFF-MARKET
Specialty properties

515 Springfield Ave Berkeley Heights, NJ 07922

1.14 ac lot
Property ID
Property summary
AI-generated overview

This exceptional Class A medical office suite, totaling 3,450 square feet, is ideally situated in the heart of downtown Berkeley Heights at Heritage Square. The property boasts excellent visibility from its corner location at the traffic-controlled intersection of Springfield Avenue and Plainfield Avenue, ensuring high traffic exposure. The single-tenant building offers a high-grade interior build-out, perfectly suited for medical practices. Features include five private offices, two private bathrooms, a spacious reception/waiting area, a convenient kitchen, and a private balcony. The building itself is a two-building complex, three stories high, with elevators for easy access. The 1.136-acre site is zoned commercial and benefits from its location in the North Jersey submarket, specifically the Downtown Berkeley Heights cluster within Union County. Its convenient access to major transportation arteries, including I-78 and US-22, as well as nearby train and bus services, makes it an attractive location for both patients and staff. This is a rare opportunity to acquire a turnkey medical office space in a highly desirable location. The property's superior build-out and prime location make it an exceptional investment opportunity.

Property profile
Verified
Property type Specialty properties
Lot 1.14 ac (49,484 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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