This exceptional 17,800 square foot multi-tenant office building, located at 17 Watchung Avenue in Morris County, presents a fantastic opportunity for medical or professional businesses. The property boasts two immediately available suites: a 2,350 square foot first-floor space (Suite 100) featuring two restrooms and exam rooms, currently vacant as of June 30th, 2024, and a 950 square foot second-floor suite (Suite 202), also vacant. A total of 3,300 square feet is currently available for lease. The building includes a convenient elevator and ample parking on a large lot. A significant advantage is the all-inclusive rent structure; tenants will not incur separate charges for common area maintenance, property taxes, or utilities. This simplifies budgeting and provides predictable operating costs. The building's strategic location offers excellent accessibility to major transportation arteries, including Interstate 78 and Route 24, ensuring convenient commutes for employees and clients. This property is ideal for businesses seeking modern, well-maintained office space in a highly desirable Morris County location with a straightforward and cost-effective lease arrangement.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$1,520,164,864
Hospitality
$1,392,462,848
Educational
$1,158,512,768
Medical
$1,198,355,840
Retail
$1,802,130,944
Location Insight
City
Cape Coral
County
Lee
State
Florida
Latitude
26.7071
Longitude
-82.035
CBSA code
15980
CBSA name
CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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