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Investment Highlights

  • (14) Apartments to hedge against market shifts
  • 23,000 + Average daily traffic count
  • Many under market and expiring leases
  • 35,000 SF +/- medical zoned office space
  • High vacancy property

Executive Summary

An exceptional opportunity to acquire a value-add medical and professional office complex in the affluent community of Sparta, New Jersey. Built in 1988, the property consists of approximately 35,000 SF +/- of medical and professional office space complemented by 14 residential apartments, creating a diverse and stable income stream. The complex is currently occupied by a mix of established medical and professional tenants, with the potential to enhance value through strategic leasing and repositioning. Ideally situated along a highly trafficked corridor with traffic counts of approximately 23,000 vehicles per day, the property benefits from excellent visibility and accessibility. Sparta’s strong demographics further support long-term demand, with average household incomes exceeding $175,000 and a highly desirable residential base that supports medical, healthcare, and professional service uses. This is a rare opportunity to acquire a well-located mixed-use medical complex in one of Northern New Jersey’s most affluent markets with significant upside potential. Proforma CAP approaches 8.8%.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Property Subtype
Medical
Building Size
50,876 SF
Building Class
B
Year Built
1988
Price
$13,467,168 CAD
Price Per SF
$264.71 CAD
Percent Leased
88%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
16,959 SF
Building FAR
0.40
Lot Size
2.94 AC
Zoning
C-1 - Permitted uses include professional & medical offices, small-scale retail establishments, personal service businesses, & service-oriented operations.
Parking
200 Spaces (3.93 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Courtyard
  • Signage
  • Skylights
  • Wheelchair Accessible
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste A2
  • 575 SF
  • Office
  • Partial Build-Out
  • Now

This 575 SF medical office suite is thoughtfully designed to maximize efficiency and comfort for both practitioners and patients. The space features a private restroom, a welcoming reception area with kitchenette, and a flexible layout suitable for a variety of medical or wellness uses. ADA accessibility ensures convenient access for all patients and visitors. Despite its compact footprint, the suite offers a professional environment ideal for solo practitioners, satellite offices, or specialty medical services seeking a well-appointed and functional workspace.

  • 1st Fl-Ste A3
  • 1,380 SF
  • Office
  • Partial Build-Out
  • Now

This 1,380 SF medical office suite offers a well-designed layout ideal for a variety of healthcare or wellness practices. The space features a welcoming reception and waiting area, multiple treatment rooms, and two private restrooms, providing convenience for both staff and patients. The efficient floor plan allows for smooth patient flow while maintaining privacy within the treatment areas. The suite is fully ADA compliant, ensuring accessibility and comfort for all visitors. This professional and functional medical environment is well-suited for physicians, therapists, specialists, or other healthcare providers seeking a turnkey clinical setting.

Space Size Space Use Condition Available
1st Fl-Ste A2 575 SF Office Partial Build-Out Now
1st Fl-Ste A3 1,380 SF Office Partial Build-Out Now

1st Fl-Ste A2

Size
575 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste A3

Size
1,380 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste A2

Size 575 SF
Space Use Office
Condition Partial Build-Out
Available Now

This 575 SF medical office suite is thoughtfully designed to maximize efficiency and comfort for both practitioners and patients. The space features a private restroom, a welcoming reception area with kitchenette, and a flexible layout suitable for a variety of medical or wellness uses. ADA accessibility ensures convenient access for all patients and visitors. Despite its compact footprint, the suite offers a professional environment ideal for solo practitioners, satellite offices, or specialty medical services seeking a well-appointed and functional workspace.

1st Fl-Ste A3

Size 1,380 SF
Space Use Office
Condition Partial Build-Out
Available Now

This 1,380 SF medical office suite offers a well-designed layout ideal for a variety of healthcare or wellness practices. The space features a welcoming reception and waiting area, multiple treatment rooms, and two private restrooms, providing convenience for both staff and patients. The efficient floor plan allows for smooth patient flow while maintaining privacy within the treatment areas. The suite is fully ADA compliant, ensuring accessibility and comfort for all visitors. This professional and functional medical environment is well-suited for physicians, therapists, specialists, or other healthcare providers seeking a turnkey clinical setting.

Property Taxes

Property Taxes

Parcel Number
18-07001-0000-00010
Land Assessment
$1,563,008 CAD
Improvements Assessment
$3,334,144 CAD
Total Assessment
$4,897,152 CAD
  • Listing ID: 39747295

  • Date on Market: 2026-03-12

  • Last Updated:

  • Address: 350 Sparta Ave, Sparta, NJ 07871

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