42 Locust Ave Wallington, NJ 07057
- Commercial real estate
- 0.22 lot acres
Current Use by Public Records
- Chapa Mary / Nursing Agency
- Dr. Amit Tailor / Medical Clinic / Internist
- C Rozdeba And M Lopinska Mds Llc / Pediatrician
- Prime Care Pediatrics / Pediatrician
- Beata Rodzen / Pediatrician
Property Details for 42 Locust Ave
- Year built
- 1992
- Lot size
- 0.22 lot acres
- Zone code
- LI-C
- Property type
- Commercial real estate
- APN
- 65 00040-0000-00001
- APU
- 6500040000000001
Description
This exceptional 10,000 square foot medical office space is available for lease in Wallington, NJ. Located at 42 Locust Avenue, Unit 5, this second-floor suite offers convenient elevator and stair access. The layout is ideally suited for a medical practice, featuring a spacious waiting room, a dedicated reception area, four well-appointed exam rooms, a combined lab and kitchenette, two half bathrooms, one full bathroom, and two private offices. A convenient conference room provides a space for meetings and consultations. The property also boasts ample parking within a covered garage on the premises, ensuring convenient access for both staff and patients. The property sits on a 0.22-acre lot. The monthly lease rate is $3300. This turnkey space is ready for immediate occupancy and presents a fantastic opportunity for a growing medical practice seeking a well-equipped and conveniently located office. The building offers easy access to major transportation routes, making it an ideal location for patients and staff alike. The combination of size, amenities, and parking makes this a highly desirable property. Serious inquiries only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,090,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,950,000
- 6.5%
- $1,730,000
- 7%
- $1,770,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,770,000
- Geo Method
- $1,790,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,450,000
- Retail
- $1,610,000
- Mixed-Use
- $1,935,000
- Hospitality
- $1,805,000
- Educational
- $1,540,000
- Residential Income
- $1,590,000
- Energy
- $1,975,000
- Income-Based Land
- $1,535,000
- Food Service
- $1,720,000
Location Insight
- Map
- Local Demand
- City
- Wallington
- County
- Bergen
- State
- New Jersey
- Longitude
- -74.113
- Latitude
- 40.8508
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
