For Sale
$2,550,000

1001 Pleasant Valley Way West Orange, NJ 07052

10,000 SF Medical Office, Owner/User Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 10,000 square foot Class C medical office building, located at 1001 Pleasant Valley Way in West Orange, New Jersey (zip code 07052), presents a rare owner/user opportunity. The two-story building features an elevator and ample space for signage, enhancing visibility and accessibility. Currently, the building is 50% occupied, with two 2,500 square foot units available. One 2,500 square foot unit is located on the ground floor and is currently vacant, while the other 2,500 square foot unit upstairs will be available in November 2023. The asking price is $2,550,000, translating to $255 per square foot. The property benefits from a prime location, offering convenient access to area hospitals and public transportation. Annual property taxes are $6.10 per square foot, and common area maintenance (CAM) charges are $2.22 per square foot. This presents a unique chance to acquire a well-situated medical office building in Essex County, New Jersey, with immediate and future leasing potential. The building's existing infrastructure and convenient location make it an ideal investment for medical professionals seeking to establish or expand their practice.

Highlights

  • Two 2,500 SF medical office suites available for lease.
  • One 2,500 SF ground floor suite is currently vacant.
  • A 2,500 SF upper-floor suite will be available November 2023.

Property Details for 1001 Pleasant Valley Way

Property type
Office properties, Medical offices
Square Feet
10,000 SF
Class
C
Stories
2

Location Insight

City
West Orange
County
Essex
State
New Jersey
Latitude
40.791910138246
Longitude
-74.27141456125

FAQs

What type of property is this?
Office property - 10,000 SF Medical Office, Owner/User Opportunity
Where is the office property located?
The property is located at 1001 Pleasant Valley Way West Orange, NJ.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Two 2,500 SF medical office suites available for lease.; One 2,500 SF ground floor suite is currently vacant.; A 2,500 SF upper-floor suite will be available November 2023.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1001 Pleasant Valley Way
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