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Property profile & analytics

215 Union Ave Bridgewater, NJ 08807

  • Commercial real estate
  • 1.46 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US59-1783148
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Thomas Corbo, PA / Orthopedic Surgeon
  • Jaymes Testa, PA / Orthopedic Surgeon
  • Hailing Zhang / Psychiatrist
  • Todd Aron Schneiderman / Otolaryngologist
  • EMILY ATKINSON / Obstetrician-Gynecologist / Health Care Facility

Property Details for 215 Union Ave

Lot size
1.46 lot acres
Zone code
MPD
Property type
Commercial real estate
APN
06 00206-0000-00041
APU
600206000000041

Description

This exceptional 2,690 square foot medical office condo suite presents a unique investment opportunity in Somerset County. Situated within a freestanding five-unit medical professional building, this single-tenant property boasts a highly desirable location directly across from RWJ-BH Hospital, ensuring high visibility and convenient access for patients. The well-designed layout includes five exam rooms, fully equipped nurse stations, spacious doctors' offices, and a large reception area with capacity for 15-18 people. Additional amenities include a comfortable staff lounge, enhancing the overall functionality and appeal of the space. Previously occupied by an orthopedic practice, this turnkey property is ready for immediate occupancy by a new medical professional. The suite is offered for lease at $22 per square foot, triple net (NNN). Alternatively, the property is also available for purchase at $549,700. This represents a compelling opportunity to acquire a well-established medical office space in a prime location with excellent potential for growth and return on investment. The building's strategic placement across from a major hospital provides unparalleled access to a large patient base and a strong referral network. The existing infrastructure and layout are conducive to a variety of medical specialties, making this a versatile and attractive option for healthcare providers seeking a well-equipped and conveniently located practice space. The property's single-tenant occupancy simplifies management and provides a stable income stream for investors.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Bridgewater
County
Somerset
State
New Jersey
Longitude
-74.5922
Latitude
40.5714
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$57,501
$748,800
$2,035,300
$2,784,100
-
$748,800
$2,035,300
$2,784,100
More about this property
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