2406 New Rd, Northfield, NJ 08225-1409
For Sale
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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.
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Med Rehab Physician
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Lee Shazad, PT, DPT Physician
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Liaqat Shazad, PT, DPT Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-B · Northfield, NJNorthfield. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.