161 Washington Vly Rd Warren, NJ 07059-7176

Property Details for 161 Washington Vly Rd

Lot size

0.05 lot acres

Zone code

BR40

Property type

Office Properties & Spaces

APN

20 00075-0000-00208-0000-CONDO

APU

20000750000002080000CONDO

Description

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.

Location Insight

City

Warren

County

Somerset

State

New Jersey

Longitude

-74.4984

Latitude

40.6138

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments