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Investment Highlights

  • Fully leased investment asset generating stable income from reputable medical and office tenants
  • Strong accessibility supported by ample onsite parking for patients, staff, and visitors
  • Prominent freestanding medical and office building positioned along a busy, high-visibility corridor in West Orange
  • Functional interior layout offering private offices, treatment rooms, and flexible open areas suited for medical or professional uses

Executive Summary

Rare opportunity to acquire a stabilized, 100% leased office investment on one of the most visible and well-traveled corridors. This 5,500 SF building offers immediate in-place income with quality tenancy. Positioned directly on Northfield Ave, the property benefits from strong daily traffic counts, signage visibility, and easy access to multiple highways. The exclusive parking lot is a standout feature with 20 parking spaces plus room to expand, which is well above what comparable office buildings in this market can offer. Building highlights include two-story construction, private offices, conference rooms, kitchenettes, and multiple restrooms throughout the building. Each unit is separately metered. Ideal for a 1031 exchange buyer, private investor, or owner-user seeking future occupancy. Current rent roll and expense history available upon request.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,928 SF
Building Class
B
Year Built
1980
Price
$1,212,263 CAD
Price Per SF
$204.50 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,964 SF
Slab To Slab
12’
Building FAR
0.39
Lot Size
0.35 AC
Zoning
R-5 - Commercial R-5
Parking
20 Spaces (3.37 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
22-00158-02-00097
Land Assessment
$635,688 CAD
Improvements Assessment
$1,029,815 CAD
Total Assessment
$1,665,503 CAD
  • Listing ID: 34409342

  • Date on Market: 2025-01-08

  • Last Updated:

  • Address: 383 Northfield Rd, West Orange, NJ 07052

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