Prime Commercial Property in Eatontown - Ideal for Healthcare Professionals and Investors!
Location: 285 Parker Road, Eatontown, NJ 07724
MLS #: 22330304
Total Sq.
Feet: 5,602
Year Built: 1986
Price: $1,375,000
Total Number of Offices: 22
Number of Parking Spaces: 23
Gross Pro-Forma Rents: $110,000/yr
Description:
Don't miss this incredible opportunity to own a meticulously maintained medical/professional building in the heart of picturesque Eatontown! This well-designed, expansive 5,600 sq ft medical office building, conveniently situated near major highways, Monmouth University, and the Mall, features its own private parking lot on a spacious lot.
The upper floor, currently utilized as a chiropractic office, offers versatile possibilities for various medical and professional uses.
Investors will appreciate the low expenses and robust income potential, boasting an impressive cap rate.
The building currently includes approximately 1,500 sq ft of vacant office space, perfect for an additional tenant or owner use.
Seize the chance to own this conveniently located commercial building with upgrades such as a new roof, new HVAC systems, and a fresh exterior paint job.
The property is a rare find with outstanding financials, including a proforma cap rate of approximately 7.
5%.
In the current market climate with limited high-quality investment properties, this gem won't stay on the market for long!
Agent Information:
Darren Tietsworth
RE/MAX Select (Tinton Falls)
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