55 Morris Ave, Springfield, NJ 07081-1426
- Commercial real estate
- 21,588 SF
- 0.53 lot acres
Current Use by Public Records
- Marc Berman, DPM / Physician
- Mark Lichtenberg, MD / Physician / Medical Clinic
- Dr. Mitchell S. Turner, MD / Physician / Medical Clinic
- Advanced Pain Management / Physician
- Marie Chen, PA / Physician / Medical Clinic
Property Details for 55 Morris Ave
- Year built
- 1972
- Construction
- BRICK
- Lot size
- 0.53 lot acres
- Property type
- Commercial real estate
- APN
- 17 00903-0000-00015
- APU
- 1700903000000015
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 23, 2021 | $2,360,000 | Moko Springfield LLC | 55 Morris Avenue Associates LP | Deed | $1.6M · The Sunder Kodiyalam Living Trust |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,000,000
- ML approach
- $2,985,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,930,000
Market price range: $1.31M - $3.80M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Union
- State
- New Jersey
- Longitude
- -74.3045
- Latitude
- 40.7086
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
