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Monmouth County User-Ready Medical Building 197 Hance Ave 58,000 SF Vacant Office Building Online Auction Sale Tinton Falls, NJ 07724
INVESTMENT HIGHLIGHTS
- 197 Hance Avenue presents a vacant, 58,000-square-foot medical facility, which formerly operated as the Red Bank Veterinary Hospital.
- Prominent medical synergy in Monmouth County’s medical corridor with over 2,100 doctors and 3,500 medical providers in a 10-mile radius.
- Easily accessible, just two minutes off the Garden State Parkway via Exit 109, which sees more than 47,700 daily passing vehicles.
- Ideal location just 2 miles from Downtown Red Bank and the 450-bed Hackensack Meridian Riverview Medical Center.
- Affluent and educated nearby population; within the 5-mile radius, the average household income is $195,000, and 64% have attained a college degree.
EXECUTIVE SUMMARY
Located just two miles from Downtown Red Bank and the 450-bed Hackensack Meridian Riverview Medical Center, the site benefits from strong medical synergy, with more than 2,100 physicians and 3,500 healthcare providers within a 10-mile radius. The surrounding area is highly desirable, with an affluent and educated population—average household income exceeds $195,000, and 64% of residents hold a college degree within five miles.
The property is easily accessible, just two minutes from Garden State Parkway Exit 109, a major regional route with 47,700+ vehicles passing daily, ensuring convenient connectivity for patients, staff, and visitors.
MATTERPORT 3D TOURS
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Purchase Agreement
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Pristine, fully built-out veterinary hospital. This one of a kind building was purposely designed and built to be a state-of-the art animal hospital facility. Complete with linear accelerator and MRI rooms, lecture hall and space for every veterinary specialist imaginable.
Pristine, fully built-out veterinary hospital. This one of a kind building was purposely designed and built to be a state-of-the art animal hospital facility. Complete with linear accelerator and MRI rooms, lecture hall and space for every veterinary specialist imaginable.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 20,794 SF | Office/Medical | Full Build-Out | Now |
| 2nd Floor | 20,794 SF | Office/Medical | Full Build-Out | Now |
1st Floor
| Size |
| 20,794 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 20,794 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 20,794 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Pristine, fully built-out veterinary hospital. This one of a kind building was purposely designed and built to be a state-of-the art animal hospital facility. Complete with linear accelerator and MRI rooms, lecture hall and space for every veterinary specialist imaginable.
2nd Floor
| Size | 20,794 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Pristine, fully built-out veterinary hospital. This one of a kind building was purposely designed and built to be a state-of-the art animal hospital facility. Complete with linear accelerator and MRI rooms, lecture hall and space for every veterinary specialist imaginable.
ABOUT EASTERN MONMOUTH
Eastern Monmouth County abuts the Atlantic Ocean and stretches west to the communities of Holmdel and Matawan. Inventory is clustered along major corridors such as the Garden State Parkway and Route 35. Most offices here serve local businesses which is reflected in their size. Larger properties are concentrated in Middletown, Holmdel, Red Bank, and Eatontown.
Office locations here provide access to talent living in some of the wealthiest and most highly educated towns in New Jersey. The Garden State Parkway bisects the area, allowing easy transit to locations closer to New York and along the Jersey coast. The area is also served by nine stops on the North Jersey Coast Line of the New Jersey Transit system. This line runs as far south as Bay Head and connects to Newark’s and Manhattan’s Penn Stations to the north.
Eastern Monmouth County is home to a diverse array of companies. AT&T is the largest tenant here, with nearly 1 million square feet at its campus in Middletown. Tenants are also concentrated in the information technology, financial services, and medical industries.
DEMOGRAPHICS
Demographics
SALE ADVISORS
SALE ADVISORS
Jacklene Chesler, Vice Chair
Jacklene joined the firm in 2013. Prior to Colliers, she was a Director for the NKF Capital Markets Tri-State Team from 2008 to 2013. She has been a top 10% producer for Colliers from 2014 to current year and recognized for this achievement by being part of the prestigious Everest Club.
Patrick Norris, Vice President
Patrick has been involved in the marketing and sale of office, retail, industrial and multi-family assets. He was recognized by Real Estate Weekly as a “2018 Rising Star of Real Estate”. Patrick was named to the Mid Atlantic Real Estate Journal’s 2022 “30 Under 30”. Also he received the Platinum Broker Award by Crexi.
Patrick is a member of National Association of Industrial and Office Professionals (NAIOP) Developing Leaders, Industrial and Office Real Estate Brokers Association (IOREBA) Next Gen and International Council of Shopping Centers (ICSC).
ABOUT THE AUCTION TECHNOLOGY
AUCTION CONTACT
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Monmouth County User-Ready Medical Building | 197 Hance Ave
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Monmouth County User-Ready Medical Building | 197 Hance Ave
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