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    FOR SALE
    Office buildings

    2406 New Rd, Northfield, NJ 08225-1409

    0.17 ac lot
    Individually Owned 31-yr Hold Free & Clear
    Property ID
    US59-0563827
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 2406 New Rd in Northfield, NJ, presents a unique investment opportunity. Situated on a busy main road within Northfield's thriving business district, this building offers high visibility and accessibility. Currently configured as a rehabilitation facility, the interior comprises four well-appointed exam rooms, perfect for medical or therapeutic practices. A spacious open area provides ample room for various uses, complemented by two restrooms, a convenient kitchenette, and two private offices. Additional storage space is also included. The building's design incorporates three separate entrances, offering significant flexibility for potential multi-tenant occupancy. This feature allows for independent access and operation, making it suitable for a variety of businesses. The property's strategic location, combined with its functional layout and versatile design, makes it an attractive proposition for investors seeking a strong return. The seller is highly motivated and open to offers. Note that the existing gym and rehabilitation equipment are available for separate purchase. This presents an added opportunity for a seamless transition for a buyer interested in continuing the current operation or adapting the space to their specific needs. The property is priced at $345,000.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Construction CONCRETE BLOCKS
    Lot 0.17 ac (7,200 SF)
    Zoning code C-B
    APN 18 00074-0000-00001
    UPID US59-0563827
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Med Rehab Physician
    • Lee Shazad, PT, DPT Physician
    • Liaqat Shazad, PT, DPT Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Mark Vassar · 31 yrs held
    Mark Vassar
    since 1994
    1 recorded transaction
    1994
    $100,000
    Zoning & alternative use
    C-B · Northfield, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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