236 Millbrook AveRandolph, NJ 07869

Property Details for 236 Millbrook Ave

Year built

1800

Construction

FRAME

Lot size

1.61 AC

Property size (Sq ft)

1,629 SF

Zone code

B-2

Property type

Other commercial real estate

APN

32 00145-0000-00059

APU

3200145000000059

Description

This exceptional commercial property, located at 236 Millbrook Ave, Unit 3L, Randolph, NJ, offers 6,600 square feet of meticulously renovated space within a historically significant building. Completed in 2011, the renovation ensured the preservation of the building's character while incorporating modern amenities. The property boasts an abundance of natural light, thanks to its large, attractive windows, creating a bright and welcoming atmosphere ideal for a variety of professional uses. Its suitability for law firms, accounting practices, insurance agencies, or medical offices is particularly noteworthy. Situated on a 1.61-acre lot, this property provides ample space and parking. The current long-term tenants generate a consistent rental income stream, presenting a compelling investment opportunity for an owner-operator seeking to establish their own practice while simultaneously benefiting from passive income. The property's prime location in Randolph, NJ, further enhances its appeal and potential for growth. This is a rare chance to acquire a well-maintained, income-producing commercial property in a desirable location. The building's elegant design and functional layout combine to create a truly exceptional commercial space. The asking price is $1,800,000.

• Alternative Use

  Use

  Valuation

  Residential

  $340,425

  Hospitality

  $311,827

  Educational

  $259,437

  Medical

  $268,359

  Retail

  $403,568

Location Insight

City

Randolph

County

Morris

State

New Jersey

Latitude

40.8644

Longitude

-74.5569

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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