3 Brier Hill CtEast Brunswick, NJ 08816

Property Details for 3 Brier Hill Ct

Year built

1979

Lot size

0.21 AC

Property size (Sq ft)

1,320 SF

Zone code

OP1

Property type

Office properties

Property subtype

Office buildings

APN

04 00319-0000-00032-0000-C0005

APU

04003190000000320000C0005

Description

This 1,271 square foot Class B medical office condo in East Brunswick, NJ, is offered at $254,000 ($199.84/sq ft). Located at 3 Brier Hill Ct, Building B, 08816, this property boasts a prime location one block from Cranbury Road, within the heart of East Brunswick's medical arts area. Enjoy convenient access to Routes 1, 9, and 18, as well as major hospitals in New Brunswick and Old Bridge. The space features a waiting/reception area, three treatment rooms, a doctor/consultation room, three bathrooms, a business office, storage, and utility spaces. This is a fully occupied, turn-key opportunity ideal for an existing or new medical practice. Ample parking is available with 25 spaces. The property is zoned OP1. Quarterly condo fees are $1,327. Seller financing is a possibility. This is a first-time offering. The property is a single-story building. This owner-user investment opportunity also presents a possible lease-back option.

• CAP approach

  CAP return

  Valuation

  6%

  $218,235

  6.5%

  $201,448

  7%

  $187,059

• Comparable approach

  Method

  Valuation

  Relative Method

  $172,471

  Geo Method

  $172,471

• Alternative Use

  Use

  Valuation

  Residential

  $249,796

  Hospitality

  $228,811

  Educational

  $190,368

  Medical

  $196,916

  Retail

  $296,129

Location Insight

City

East Brunswick

County

Middlesex

State

New Jersey

Latitude

40.4109

Longitude

-74.4228

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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