601 Nj-37 Toms River, NJ 08755
This exceptional investment opportunity presents a 3,897 square foot medical office condominium for sale in Toms River, New Jersey. Located at 601 Route 37 West, Units 100, 101 & 103, this Class B property boasts a strategic location just east of RWJ/Barnabas/Community Medical Center Hospital and near significant adult communities, providing excellent access to a large patient base. Built in 1989, the two-story building features three suites (Units 100, 101, and 103) totaling 3,897 square feet, currently configured with four exam rooms, five private offices (easily convertible to additional exam rooms), a nurses' station, laboratory, spacious waiting room, conference room, break room, and three private bathrooms. The ground floor location offers convenient handicap access. The property is zoned HB - Highway Business and includes ample on-site parking. With 3,897 square feet of air rights, this owner/user investment opportunity is priced at $600,000, or $200,000 per unit, reflecting a price per square foot of $153.96. The property is available for occupancy on August 1, 2023. The APN is 08-00507-31-00013-0000-C0100,101,103. This is an ideal setting for established medical practices or those seeking to expand their reach in a thriving community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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