1401 New RdLinwood, NJ 08221

Property Details for 1401 New Rd

Year built

1994

Lot size

0.85 AC

Property size (Sq ft)

5,680 SF

Zone code

BUS

Property type

Office properties

Property subtype

Office buildings

APN

14 00001-0000-00048

APU

1400001000000048

Description

This exceptional commercial property located at 1401 New Road, Linwood, NJ, presents a unique investment opportunity. The building offers a total of 6,135+ square feet of space, distributed across two floors and a basement. The main floor comprises two suites, each measuring 1,717 square feet, currently configured and fitted for medical use, and easily combinable. These ground floor suites offer significant potential for a variety of businesses. The second floor also features two suites, each 1,132 square feet, currently occupied by a single tenant. The entire building (4,566 square feet) is available for owner-occupancy upon the sale, providing flexibility for the buyer. Access to the second floor is via stairs. A substantial basement of 1,850+ square feet offers additional storage or expansion possibilities. Ample on-site parking is available for tenants and visitors. The building benefits from high visibility due to prominent signage on New Road, ensuring excellent exposure for any business. Utilities are separately metered for efficient cost management. The asking price for this prime office building is $957,000. This property represents a compelling opportunity for both owner-occupiers and investors seeking a well-located, versatile commercial space in Linwood, NJ.

• CAP approach

  CAP return

  Valuation

  6%

  $1,829,805

  6.5%

  $1,689,051

  7%

  $1,568,404

• Comparable approach

  Method

  Valuation

  Relative Method

  $742,149

  Geo Method

  $742,149

• Alternative Use

  Use

  Valuation

  Residential

  $2,094,423

  Hospitality

  $1,918,480

  Educational

  $1,596,153

  Medical

  $1,651,047

  Retail

  $2,482,905

Location Insight

City

Linwood

County

Atlantic

State

New Jersey

Latitude

39.3442

Longitude

-74.5825

CBSA code

12100

CBSA name

ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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