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Property profile

26 Union Ave Irvington, NJ 07111

OFF-MARKET
Office Spaces
Property ID
US59-2002381
Built 2012
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Property summary

AI-generated overview

This exceptional three-unit medical office building, situated at 26 UNION AVE Unit 0 in Irvington, NJ's bustling business district, presents a remarkable investment opportunity. Ideally located off Springfield Avenue, this property offers unparalleled convenience with easy access to major highways, public transportation, and ample shopping options. The building's versatile layout allows for diverse uses, making it suitable for a single medical practice or subdivision into multiple independent units. Currently configured as three distinct suites, the building boasts a total of 25 parking spaces. The ground floor houses a thriving physical therapy practice, complete with four private treatment rooms, a spacious waiting area, and two bathrooms. The lower level suite features five private rooms and two waiting areas, providing ample space for various medical or beauty professionals. The expansive second floor comprises seven exam rooms, a dedicated lab, two offices, a conference room, a kitchenette, three bathrooms, a private shower, and two waiting areas. The building is equipped with central air conditioning, and utilities are separately metered for each unit, maximizing efficiency and cost-effectiveness. This property offers significant potential for both owner-occupancy and substantial rental income generation from the additional units, making it an ideal investment for discerning buyers seeking a high return on investment in a prime location.

Property profile

Verified
Property type Office Spaces
Year built 2012
UPID US59-2002381

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
  • Medical Clinic

Location

26 Union Ave Irvington, NJ 07111
Irvington metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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