1395 State Rt 23Butler, NJ 07405

Property Details for 1395 State Rt 23

Lot size

0.13 AC

Zone code

HC

Property type

Office properties

Property subtype

Other office properties

APN

03 00093- 01-00004- 03-C0004

APU

0300093010000403C0004

Description

This exceptional 1,000+ square foot office suite presents a fantastic investment opportunity in a high-traffic location on State Route 23 South in Butler, NJ. Situated on a 0.12-acre lot, this first-floor unit boasts exceptional visibility thanks to its road signage. Previously utilized as a doctor's office, the adaptable layout is ideal for a variety of professional uses, including dental, legal, or other medical practices. The space includes a welcoming reception area, a secretary's office with three workstations, three exam rooms, two consultation rooms, a dedicated lab room, a convenient kitchenette, ample storage, and two and a half bathrooms. The property features numerous upgrades, including newer cabinetry throughout, a recently installed HVAC system with central air conditioning and heating, and a newer roof. The large on-site parking lot ensures convenient access for clients and staff. This move-in ready office suite offers a blend of functionality, modern amenities, and a prime location, making it an attractive proposition for discerning business owners. Its accessibility features cater to a wide range of potential occupants. The property's central location provides easy access to various amenities and services.

• CAP approach

  CAP return

  Valuation

  6%

  $993,413

  6.5%

  $916,996

  7%

  $851,496

• Comparable approach

  Method

  Valuation

  Relative Method

  $712,406

  Geo Method

  $711,444

• Alternative Use

  Use

  Valuation

  Residential

  $1,137,075

  Hospitality

  $1,041,555

  Educational

  $866,561

  Medical

  $896,364

  Retail

  $1,347,984

Location Insight

City

Butler

County

Morris

State

New Jersey

Latitude

40.9956

Longitude

-74.3524

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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