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    FOR SALE
    Medical Office Space

    25 E Willow St A Millburn, NJ 07041

    8,300 SF Built 1963
    Property ID
    US59-Q006954
    25 E Willow St,Unit A, Millburn, NJ 07041 For Sale 1 / 27
    $1,999,000 8,300 SF
    25 E Willow St,Unit A, Millburn, NJ 07041
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    Property summary
    AI-generated overview

    This exceptional property is 1 of a 2 unit semi-detached commercial condominium building. The building is comprised of Unit A and Unit B and sits on a 1.5 acre level lot. Unit A is for sale and has approximately 8,000 sq. ft. of building space and 0.7 acres of the lot attributed to it. Private parking lot with over 75 parking spaces. Property includes several professional doctor offices, patient exam rooms, nurses stations, large customer waiting room, reception area, 7 separate lavatories and other medical accoutrements. Upgrades in recent years include new roof, new HVAC, custom Pella windows and LED lighting. Newly renovated shared common entrance area. High ceilings throughout. Easy access from Routes, 24, 22, Interstate 78, and Garden State Parkway. Located midway between Overlook Medical Center in Summit and Cooperman Barnabas Medical Center in Livingston. Tax records show this unit as 23-A E willow St. - Mailing address is 25 E Willow St.

    Property profile
    Verified
    Property type Medical Office Space
    Year built 1963
    Total area 8,300 SF
    UPID US59-Q006954
    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
    • Carrie Knowlton Physician
    • Associates In Primary Care Medical Clinic
    • Labcorp Diagnostic Center Drug Testing Service
    • Dr. Matthew I. Lipp, MD Physician
    • Anthony Lawrence Cuppari Physician
    5 occupants on record
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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