21 Orchard StDenville, NJ 07834

  • Other commercial real estate
  • 1,584 SF
For Sale
$1,250,000 View listing

Property Details for 21 Orchard St

Year built
1977
Lot size
0.24 AC
Property size (Sq ft)
1,584 SF
Zone code
OB-1
Property type
Other commercial real estate
APN
08 50410-0000-00006
APU
850410000000006

Description

This exceptional 3,000 square foot commercial building in Denville, NJ, presents a unique investment opportunity. Situated on a 0.24-acre lot, the property features a pristine two-level layout, ideal for various professional uses. The first level currently houses a high-end dental practice, complete with a sophisticated reception area featuring a custom circular desk and granite countertops, four fully equipped exam rooms, a lab area, 1.5 bathrooms, and a private dentist's office. Cathedral ceilings create an open and inviting atmosphere. High-end dental equipment is available for purchase with the building. The second level, accessible via a separate entrance, offers six individual rooms currently leased to a therapist, generating immediate rental income. This level also includes a kitchenette and a half bath. The building's versatile configuration allows for diverse professional uses, offering potential for significant cash flow whether operating the existing dental practice, leasing the space, or relocating your own business. This is a rare opportunity to acquire a state-of-the-art commercial property with established income and significant upside potential. The asking price is $1,250,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $330,875
    Hospitality
    $303,080
    Educational
    $252,159
    Medical
    $260,831
    Retail
    $392,247
21 Orchard St, Denville, New Jersey

Location Insight

City
Denville
County
Morris
State
New Jersey
Latitude
40.8949
Longitude
-74.4772
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$16,075
$139,100
$485,900
$625,000
-
$139,100
$485,900
$625,000

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