123 Highland Ave, Glen Ridge, NJ 07028
- Commercial real estate
- 22,140 SF
- 1.14 lot acres
Current Use by Public Records
- Niveen Bebawy / Physician
- Dr. Marius Calin M.D. F.A.C.S. F.A.S.M.B.S. / Physician
- Commercial & House Cleaning Glen Ridge / Commercial Cleaning Service
- Dr. Marius Calin M.D. F.A.C.S. / Physician
- Lung Diagnostics Inc / Medical Clinic
Property Details for 123 Highland Ave
- Year built
- 1980
- Lot size
- 1.14 lot acres
- Zone code
- B
- Property type
- Commercial real estate
- APN
- 08 00096-0000-00020
- APU
- 800096000000020
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 20, 2007 | — | Ko & Ko Investments LLC | Ko,stephen S | Quit Claim Deed | — |
Description
This exceptional four-story medical office building, located at 123 Highland Avenue in Glen Ridge, New Jersey, offers a variety of suite sizes perfect for medical professionals. The building totals 22,140 square feet and features convenient elevator access. Currently, there is 5,768 square feet of vacant space available, with suites ranging from a minimum of 1,442 square feet to a maximum contiguous space of 2,395 square feet. The building's prime location in Essex County, with easy access to major transportation routes, makes it an ideal location for a thriving medical practice. The multiple tenancy structure provides a diverse and collaborative environment. The building's modern design and amenities cater to the needs of today's medical professionals, ensuring a comfortable and efficient workspace. This is a rare opportunity to secure high-quality medical office space in a desirable location. The available suites are ready for immediate occupancy, allowing for a quick and seamless transition for your practice. Contact us today to schedule a viewing and explore the possibilities. The zip code is 07028.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,090,000
- 6.5%
- $4,700,000
- 7%
- $4,365,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $5,484,000
Market price range: $1.90M - $5.48M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $6,530,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $6,055,000 Change: -7% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Glen Ridge
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2039
- Latitude
- 40.8092
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
