This exceptional 1200-square-foot office space is situated at 242 Washington Avenue in Nutley, New Jersey, zip code 07110. The property, a Class C building constructed in 1971, benefits from a highly visible location on Washington Avenue, near Routes 21 and 3, ensuring excellent accessibility and high traffic exposure. The space is currently configured for multiple tenants and is categorized as both medical and traditional office space, making it suitable for a variety of professional uses. The building features a total of 30 parking spaces, providing ample parking for tenants and clients. Located in the basement, this suite includes all utilities in the lease rate. Shared amenities include a waiting area and restrooms. The property is zoned B-4 and is part of the Nutley submarket within Essex County. The diverse tenant mix currently includes an attorney, dentist, podiatrist, and title company, creating a thriving professional community. This presents a unique opportunity to establish a presence in a well-established and convenient location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$3,784,404
Hospitality
$3,466,494
Educational
$2,884,082
Medical
$2,983,270
Retail
$4,486,350
Location Insight
City
Nutley
County
Essex
State
New Jersey
Latitude
40.8139
Longitude
-74.1439
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA 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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