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$1,550,000 / 5600ft2 - Investment Opportunity in Eatontown - Professional/Medical Office (Eatontown)

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5600ft2
license info: Upon Request
manufactured
laundry in bldg
off-street parking
285 Parker Road, Eatontown, NJ 07724

Special Features

  • MLS #: 22330304
  • Total Sq. Feet: 5,602
  • Year Built: 1986
  • Price: $1,550,000
  • Total Number of Offices: 22
  • Number of Parking Spaces: 23
  • Gross Pro-Forma Rents: $110,000/yr

Description

Healthcare professionals and investors won't want to miss this chance to own a well-maintained medical / professional building in the heart of beautiful Eatontown! This nicely planned and spacious 5,600 (+/-) sq ft medical office building is close to major highways, Monmouth University and the Mall and sits on a large lot with its own private parking lot. The upper floor is currently used as a chiropractic office, but has many possible medical and professional uses. Income investors will appreciate the low expenses and strong income potential yielding an impressive cap rate. Building currently has approximately 1500 sf of vacant office space perfect for an additional tenant or owner use. Don't miss out on a rare opportunity to own this conveniently located commercial building. 285 Parker Road boasts upgrades including a new roof, new HVAC systems and has recently been painted (exterior). The building has many uses and outstanding financials including a proforma cap rate of approximately 7%. With the current market's low inventory of high-quality investment properties, this one won't last!

Agent Information

Darren Tietsworth

Agent Office

RE/MAX Select (Tinton Falls)

post id: 7716180121

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