55 Morris AveSpringfield, NJ 07081
- Other commercial real estate
- 21,588 SF
Property Details for 55 Morris Ave
- Year built
- 1972
- Construction
- BRICK
- Lot size
- 0.53 AC
- Property size (Sq ft)
- 21,588 SF
- Property type
- Other commercial real estate
- APN
- 17 00903-0000-00015
- APU
- 1700903000000015
Description
This Springfield, NJ, office building at 55 Morris Ave offers versatile spaces ideal for medical or general office use. The property, built in 1972 and extensively renovated in 2017, comprises 21,588 square feet across three stories. Currently, 3,323 square feet are vacant, with suites ranging from 1,460 to 1,863 contiguous square feet available. The building features 70 parking spaces and a single elevator. Suite 204, a 1,863 square foot space on the second floor, is particularly noteworthy. It includes four plumbed rooms, two unplumbed rooms, two private restrooms, a waiting area, a large reception desk area, and storage. The space is adaptable to tenant build-outs. The building's zoning is O, and its assessed property tax is $3.94 per square foot. The building's floor area ratio (FAR) is 0.48. The property is conveniently located near Colonial Terrace in Union County, NJ, with the address 55 Morris Ave, Springfield, NJ 07081. While the building is suitable for various office uses, medical tenants are limited to Neurology, Hematology/Oncology, or OBGYN, unless they do not accept insurance. Detailed floor plans are available. This Class C building presents a compelling opportunity for businesses seeking modern, well-maintained office space in a convenient location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $4,085,294
- Hospitality
- $3,742,107
- Educational
- $3,113,389
- Medical
- $3,220,464
- Retail
- $4,843,050
Location Insight
- City
- Springfield
- County
- Union
- State
- New Jersey
- Latitude
- 40.7086
- Longitude
- -74.3045
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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