Description
Healthcare professionals and investors won't want to miss this chance to own a well-maintained medical / professional building in the heart of beautiful Eatontown! This nicely planned and spacious 5,600 (+/-) sq ft medical office building is close to major highways, Monmouth University and the Mall and sits on a large lot with its own private parking lot. The upper floor is currently used as a chiropractic office, but has many possible medical and professional uses. Income investors will appreciate the low expenses and strong income potential yielding an impressive cap rate. Building currently has approximately 1500 sf of vacant office space perfect for an additional tenant or owner use. Don't miss out on a rare opportunity to own this conveniently located commercial building. 285 Parker Road boasts upgrades including a new roof, new HVAC systems and has recently been painted (exterior). The building has many uses and outstanding financials including a proforma cap rate of approximately 7%. With the current market's low inventory of high-quality investment properties, this one won't last!
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0BEDS
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0.75ACRES
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0BATHS
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01/2 BATHS
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5,602SQFT
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$277$/SQFT
School Ratings & Info
Description
Healthcare professionals and investors won't want to miss this chance to own a well-maintained medical / professional building in the heart of beautiful Eatontown! This nicely planned and spacious 5,600 (+/-) sq ft medical office building is close to major highways, Monmouth University and the Mall and sits on a large lot with its own private parking lot. The upper floor is currently used as a chiropractic office, but has many possible medical and professional uses. Income investors will appreciate the low expenses and strong income potential yielding an impressive cap rate. Building currently has approximately 1500 sf of vacant office space perfect for an additional tenant or owner use. Don't miss out on a rare opportunity to own this conveniently located commercial building. 285 Parker Road boasts upgrades including a new roof, new HVAC systems and has recently been painted (exterior). The building has many uses and outstanding financials including a proforma cap rate of approximately 7%. With the current market's low inventory of high-quality investment properties, this one won't last!
© 2023 Monmouth-Ocean MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Gloria Nilson & Co Real Estate. Data last updated 2023-12-01T14:22:55.027.
Listing information © 2023 Monmouth-Ocean MLS. Listing provided courtesy of Darren Tietsworth of Re/Max Select: 732-917-7300.