55 Morris Ave Springfield, NJ 07081-1426
This Springfield, NJ, office building at 55 Morris Ave offers versatile spaces ideal for medical or general office use. The property, built in 1972 and extensively renovated in 2017, comprises 21,588 square feet across three stories. Currently, 3,323 square feet are vacant, with suites ranging from 1,460 to 1,863 contiguous square feet available. The building features 70 parking spaces and a single elevator. Suite 204, a 1,863 square foot space on the second floor, is particularly noteworthy. It includes four plumbed rooms, two unplumbed rooms, two private restrooms, a waiting area, a large reception desk area, and storage. The space is adaptable to tenant build-outs. The building's zoning is O, and its assessed property tax is $3.94 per square foot. The building's floor area ratio (FAR) is 0.48. The property is conveniently located near Colonial Terrace in Union County, NJ, with the address 55 Morris Ave, Springfield, NJ 07081. While the building is suitable for various office uses, medical tenants are limited to Neurology, Hematology/Oncology, or OBGYN, unless they do not accept insurance. Detailed floor plans are available. This Class C building presents a compelling opportunity for businesses seeking modern, well-maintained office space in a convenient location.
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Marc Berman, DPM Physician
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Mark Lichtenberg, MD Physician Medical Clinic
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Dr. Mitchell S. Turner, MD Physician Medical Clinic
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Advanced Pain Management Physician
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Marie Chen, PA Physician Medical Clinic
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
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.