216 Main St West Orange, NJ 07052
- Commercial real estate
- 0.26 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 216 Main St
- Year built
- 1975
- Construction
- FRAME
- Lot size
- 0.26 lot acres
- Zone code
- OB-1
- Property type
- Commercial real estate
- APN
- 22 00114-0000-00114
- APU
- 2200114000000114
Description
This exceptional 2,400-square-foot medical office space is ideally situated at 216 Main Street in West Orange, New Jersey, zip code 07052. The property boasts a single-tenant occupancy, offering a unique opportunity for a medical practice seeking a dedicated and spacious location. The entire 2,400 square feet is currently vacant, providing immediate occupancy for a new tenant. The building features a full usable basement, adding significant potential for storage or expansion. Ample parking is available with 15 spaces conveniently located for patients and staff. This property is located in Essex County, New Jersey, offering easy access to major transportation routes and a thriving community. The address is 216 Main Street, West Orange, NJ 07052. The property type is classified as an office building, specifically a medical office. This presents a rare chance to establish or relocate a medical practice in a desirable and well-equipped space. The building's single-tenant configuration ensures privacy and control over the entire premises. The combination of size, parking, and location makes this an attractive proposition for a variety of medical professionals. The property is ready for immediate occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $780,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $675,000
- 6.5%
- $625,000
- 7%
- $640,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $760,000
- Geo Method
- $605,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $585,000
- Retail
- $680,000
- Mixed-Use
- $555,000
- Hospitality
- $705,000
- Educational
- $605,000
- Residential Income
- $570,000
- Energy
- $705,000
- Income-Based Land
- $595,000
- Food Service
- $645,000
Location Insight
- Map
- Local Demand
- City
- West Orange
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2336
- Latitude
- 40.785
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA