For Sale
$1,300,000

72 End Ave Somerville, NJ 08876

Prime Somerville, NJ Office Investment

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 7,040 square foot free-standing medical/office building in Somerville, New Jersey, presents a compelling investment opportunity. Located at 72 West End Avenue, 08876, the property boasts a meticulously maintained brick exterior and is situated on professionally landscaped grounds. The building features a newly paved 37-car private parking lot, ensuring ample parking for tenants and visitors. Recent upgrades include a new roof and HVAC system, contributing to the building's excellent condition. Currently, the building is fully leased to two tenants: a medical office affiliated with RWJ occupying 4,910 square feet, and a law firm leasing the remaining 2,130 square feet on the second floor. The property generates a net operating income (NOI) of $92,555. This turnkey investment offers a strong return and the benefit of long-term, stable tenants in a desirable location within Somerset County. The building's dual-use functionality as both medical and traditional office space enhances its versatility and appeal to a broad range of potential tenants. The property's excellent condition, coupled with its strong financial performance, makes it an attractive opportunity for discerning investors seeking a stable and profitable addition to their portfolio. The location in Somerville, NJ offers easy access to major transportation routes and amenities.

Highlights

  • 7,040 SF free-standing medical/office building in Somerville, NJ.
  • Located at 72 West End Avenue, 08876, with a brick exterior and landscaped grounds.
  • Features a 37-car private parking lot and recent upgrades including a new roof and HVAC system.
  • Fully leased to two tenants (RWJ medical office and a law firm) generating a $92,555 NOI.
  • Desirable Somerset County location with easy access to major transportation routes.

Property Details for 72 End Ave

Property type
Office properties, Medical offices
Square Feet
7,040 SF

Location Insight

City
Somerville
County
Somerset
State
New Jersey
Latitude
40.5718789
Longitude
-74.6208373

FAQs

What type of property is this?
Office property - Prime Somerville, NJ Office Investment
Where is the office property located?
The property is located at 72 End Ave Somerville, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 7,040 SF free-standing medical/office building in Somerville, NJ.; Located at 72 West End Avenue, 08876, with a brick exterior and landscaped grounds.; Features a 37-car private parking lot and recent upgrades including a new roof and HVAC system.
How can I contact the broker?
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72 End Ave
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