Property summary
This meticulously maintained 4,100+/- square foot Class B medical office condo in Warren, NJ, presents a unique owner-user opportunity. Located at 161 Washington Valley Rd, 07059, this single-unit building, constructed in 1990, boasts 100% occupancy and is situated in a highly desirable location. The property is zoned BR 40 and offers convenient access to major roadways, including Routes 78 and 22. Its proximity to an Acme-anchored shopping center, diverse restaurants, and other amenities enhances its appeal. The building features a recently updated HVAC system, water heater, furnace, and roof (all within the last three years). The asking price is $799,500, translating to $195 per square foot. The space is currently utilized as a medical office, but professional office use is also permitted. Furthermore, the property is divisible into two separate office units, offering flexibility for future expansion or multi-tenant occupancy. The seller is open to leasing back approximately half the space for 18 months at a net-net-net (NNN) rent of $24.00 per square foot, providing a potential income stream for the buyer. This exceptional property offers a blend of immediate occupancy and long-term investment potential in a thriving commercial area.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
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Physician
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Physician
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Physician
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Advertising Agency Marketing & Advertising
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
BR40 · Warren, NJZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for BR40 in Warren, NJ.
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