For Sale
$599,000

281 Browertown RdWoodland Park, NJ 07424

1,030 SF Office, 7.01% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
119
This 1,030-square-foot office condo in Woodland Park, New Jersey, presents a compelling investment opportunity with a 7.01% capitalization rate. Located at 281 Browertown Road, this end-corner unit boasts a prime location in a thriving community. Currently configured as a well-established dental office, this versatile space is ideal for a variety of professional or retail uses. The property offers ample on-site parking for convenience. The asking price is $599,000, with a net operating income (NOI) of $42,000. The property's pro-forma NOI and cap rate are also 7.01%. The space is available for occupancy on March 12, 2024. This thoughtfully designed space combines modern amenities with a comfortable atmosphere, catering to both business operations and client needs. The property's location and versatile design make it an attractive option for entrepreneurs and investors seeking a strong return on investment in a desirable New Jersey market. The price per square foot is $581.55. This exceptional opportunity is perfect for those seeking a well-established space in a vibrant community.

Highlights

  • $599,000 asking price for a 1,030 square foot office condo.
  • Located at 281 Browertown Rd, Woodland Park, NJ 07424.
  • 7.01% cap rate with a $42,000 NOI.
  • Currently occupied by a dentist; suitable for creative office or medical office use.
  • Available March 12, 2024.

Property Details for 281 Browertown Rd

Property type
Office properties, Medical offices
Square Feet
1,030 SF

Location Insight

City
Woodland Park
County
Passaic
State
New Jersey
Latitude
40.88426690516
Longitude
-74.207067677259
281 Browertown Rd, Woodland Park, New Jersey

FAQs

What type of property is this?
Office property - 1,030 SF Office, 7.01% Cap Rate
Where is the office property located?
The property is located at 281 Browertown Rd Woodland Park, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: $599,000 asking price for a 1,030 square foot office condo.; Located at 281 Browertown Rd, Woodland Park, NJ 07424.; 7.01% cap rate with a $42,000 NOI.
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
281 Browertown Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message