For Sale
$799,500

161 Washington Valley Rd Warren, NJ 07059

Prime Medical Office, 4100 SF, Excellent Location

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This meticulously maintained 4,100+/- square foot Class B medical office condo in Warren, NJ, presents a unique owner-user opportunity. Located at 161 Washington Valley Rd, 07059, this single-unit building, constructed in 1990, boasts 100% occupancy and is situated in a highly desirable location. The property is zoned BR 40 and offers convenient access to major roadways, including Routes 78 and 22. Its proximity to an Acme-anchored shopping center, diverse restaurants, and other amenities enhances its appeal. The building features a recently updated HVAC system, water heater, furnace, and roof (all within the last three years). The asking price is $799,500, translating to $195 per square foot. The space is currently utilized as a medical office, but professional office use is also permitted. Furthermore, the property is divisible into two separate office units, offering flexibility for future expansion or multi-tenant occupancy. The seller is open to leasing back approximately half the space for 18 months at a net-net-net (NNN) rent of $24.00 per square foot, providing a potential income stream for the buyer. This exceptional property offers a blend of immediate occupancy and long-term investment potential in a thriving commercial area.

Highlights

  • 4,100+/- SF well-maintained medical office condo for sale in Warren, NJ.
  • Condo is divisible into two separate office units.
  • Seller will lease back approximately half the space for 18 months at $24.00 NNN.
  • Approved uses include office, medical, and professional.
  • Excellent location near Routes 78 & 22, an Acme-anchored shopping center, and numerous restaurants.
  • Features a new HVAC system, water heater, furnace, and roof (installed within the last three years).

Property Details for 161 Washington Valley Rd

Property type
Office properties, Medical offices
Square Feet
4,100 SF
Class
B
Year Built
1990
Stories
1
Units
1

Location Insight

City
Warren
County
Somerset
State
New Jersey
Latitude
40.612771928974
Longitude
-74.498247890712

FAQs

What type of property is this?
Office property - Prime Medical Office, 4100 SF, Excellent Location
Where is the office property located?
The property is located at 161 Washington Valley Rd Warren, NJ.
What is the asking price?
The asking price for this property is $799,500.
What are key features of this property?
This property features: 4,100+/- SF well-maintained medical office condo for sale in Warren, NJ.; Condo is divisible into two separate office units.; Seller will lease back approximately half the space for 18 months at $24.00 NNN.
How can I contact the broker?
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161 Washington Valley Rd
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