540 Bordentown AveSouth Amboy, NJ 08879

  • Other commercial real estate
  • 116,874 SF
For Lease

Property Details for 540 Bordentown Ave

Lot size
3.04 AC
Property size (Sq ft)
116,874 SF
Property type
Other commercial real estate
APN
20 00089-0000-00005
APU
2000089000000005

Description

This exceptional four-story medical office building, located at 540 Bordentown Avenue in South Amboy, New Jersey (zip code 08879), presents a unique investment opportunity. The property, formerly South Amboy Hospital, boasts 116,874 square feet on a 3.04-acre lot (APN 2000089000000005) and is zoned RA. The building features 100 parking spaces, an elevator, and a medical ramp, catering to the needs of a diverse range of medical professionals. The property is offered as a single-tenant building with one suite. Flexible space is available, ranging from 800 to 11,000 square feet, making it ideal for various medical uses, including doctors' offices, surgical suites, physical therapy centers, counseling practices, wellness centers, rehabilitation facilities, dental clinics, or general office space. The asking rent is $12.00 per square foot, with a triple net (NNN) charge of $5.00 per square foot. This prime location in South Amboy offers excellent visibility and accessibility, making it an attractive proposition for medical practices seeking to establish or expand their presence in a thriving community. The property's history as a hospital provides a solid foundation for continued success in the healthcare sector.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $22,117,132
    Hospitality
    $20,259,174
    Educational
    $16,855,394
    Medical
    $17,435,078
    Retail
    $26,219,504
540 Bordentown Ave, South Amboy, New Jersey

Location Insight

City
South Amboy
County
Middlesex
State
New Jersey
Latitude
40.4755
Longitude
-74.2866
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$124,695
$1,690,000
$2,560,000
$4,250,000
-
$1,690,000
$2,560,000
$4,250,000

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