858 Joralemon StBelleville, NJ 07109

For Sale
$1,050,000

Thriving Multi-Unit Chiropractic Center

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple, two-unit medical office building located at 858 Joralemon St, Belleville, NJ 07109. The 2,304 square foot building, constructed in 1950, boasts a strong NOI of $175,000 and is currently operating as a successful chiropractic center with long-term tenants. The property features ample parking (20 spaces), a prime location near local hospitals ensuring high visibility and consistent patient flow, and a well-maintained interior. The layout includes two floors, two spacious waiting rooms, and seven fully equipped exam rooms, designed to maximize operational efficiency and patient comfort. The asking price is $1,050,000 ($455.73/sq ft and $525,000/unit), representing a significant return on investment. The building's established business and loyal patient base provide a turnkey operation with high net revenue potential and room for growth. Additional income can be generated by renting out available office space within the building. This property offers a rare chance to acquire a thriving, multi-disciplinary healthcare center in a high-traffic residential area of Essex County. The building's strategic location, coupled with its strong financial performance and operational efficiency, makes it an ideal investment for healthcare professionals or investors seeking a stable and lucrative opportunity. The property's current configuration and high demand for medical services in the area suggest significant potential for future expansion and increased profitability.

Highlights

  • Fee-simple, two-unit medical office building totaling 2,304 square feet.
  • Ample parking (20 spaces) and prime location near local hospitals.
  • Two-story building with two waiting rooms and seven exam rooms.
  • Strong NOI of $175,000 with long-term tenants in a turnkey operation.
  • Asking price: $1,050,000 ($455.73/sq ft, $525,000/unit), offering high return on investment and additional income potential from available space.

Property Details for 858 Joralemon St

Property type
Other office properties, Medical offices
Square Feet
2,304 SF
Year Built
1950
Buildings
1
Units
2

Location Insight

City
Belleville
County
Essex
State
New Jersey
Latitude
40.808240671209
Longitude
-74.175132060787
858 Joralemon St, Belleville, New Jersey

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858 Joralemon St
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