Property profile

2406 New Rd Northfield, NJ 08225

FOR SALE
Office buildings
Property ID
US59-0563827
0.17 ac lot
Individually Owned 32-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician

Location

2406 New Rd Northfield, NJ 08225
Northfield metro Census 12402 ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 1994
1 recorded transaction
1994
$100,000

Zoning & alternative use

C-B · Northfield, NJ
Zoning description

-153 R-4 Residential District. § 215-154 AH Adult Housing Residential District. § 215-155 C-C Country Club District. § 215-156 N-B Neighborhood Business District. § 215-156.1 R-B Residential Business District. § 215-157…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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