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198 North Ave E 5,352 SF 78% Leased Office Building Cranford, NJ 07016 $1,900,000 ($355.01/SF)

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EXECUTIVE SUMMARY

GREAT Spot w Lots of Potential! THREE UNITS..First Floor Upper: Reception/Desk and 4 Exam Rooms. Bath First Floor Rear: Reception/Desk, 6 Exam Rooms, 2 Baths and Full Shower Room for Handicapped. Rear Side: Reception Room/Desk, 7 Exam Rooms and bath, Kitchen. Lots of Parking, All Redone Interior, and LARGE OPEN Lot next door...

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Taxes $27,116 $5.07
Operating Expenses - -
Total Expenses $27,116 $5.07

FINANCIAL SUMMARY (ACTUAL - 2024)

Taxes
Annual $27,116
Annual Per SF $5.07
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $27,116
Annual Per SF $5.07

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,352 SF
Building Class
C
Year Built
1965
Price
$1,900,000
Price Per SF
$355.01
Percent Leased
78%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,352 SF
Slab To Slab
12’
Building FAR
0.22
Lot Size
0.56 AC
Zoning
O-2 - Medium-Density Office Building District
Parking
25 Spaces (4.67 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Bus Line
  • Commuter Rail
  • Signage
  • Basement
  • Central Heating

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Bioregenesis Center
  • Health Care and Social Assistance
  • -
  • -
  • -
  • Cranford Peds & Family Ca
  • Services
  • -
  • -
  • -
  • Cransord Bariatric Medicine
  • Health Care and Social Assistance
  • -
  • -
  • -
  • Health Care and Social Assistance
  • -
  • -
  • -

They offer a wide range of outpatient psychotherapeutic and pediatric services for children, families and adults. Everyone deals with internal struggles. Whether it be anxiety, depression, anger issues, gender and/or sexuality concerns, substance abuse or a host of any other concerns, they're there to offer our compassion and expertise. Whether it be medically or emotionally, the Internal Affairs Treatment Group is here to support you and your family through troublesome times.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Bioregenesis Center Health Care and Social Assistance - - -
Cranford Peds & Family Ca Services - - -
Cransord Bariatric Medicine Health Care and Social Assistance - - -
Health Care and Social Assistance - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • Lower Level-Ste 1
  • 1,200 SF
  • Medical
  • -
  • Now

Directions: GSP exit 137 to North Ave East Remarks: EXCEPTIONAL PROFESSIONAL / DOCTORS OFFICE BUILDING NESTLED ON OVER HALF ACRE LOT IN DOWNTOWN CRANFORD BUSINESS DISTRICT WITH MANY ARCHITECTURAL DETAILS AND UPDATES . Prime Office space for lease with multiple Conference rooms, waiting area, X Rays, reception, separate utilities, onsite parking for over 22 cars newly pavered. Prior Use of 1st FL were pediatric, Internal medicine, OBGYN and dental office which Consists of 8 Offices, 1 Lavatories, 1 Reception Area and Waiting Room. Agent Remarks: Listing Agent must accompany all showings

Space Size Space Use Condition Available
Lower Level-Ste 1 1,200 SF Medical - Now

Lower Level-Ste 1

Size
1,200 SF
Space Use
Medical
Condition
-
Available
Now

Lower Level-Ste 1

Size 1,200 SF
Space Use Medical
Condition -
Available Now

Directions: GSP exit 137 to North Ave East Remarks: EXCEPTIONAL PROFESSIONAL / DOCTORS OFFICE BUILDING NESTLED ON OVER HALF ACRE LOT IN DOWNTOWN CRANFORD BUSINESS DISTRICT WITH MANY ARCHITECTURAL DETAILS AND UPDATES . Prime Office space for lease with multiple Conference rooms, waiting area, X Rays, reception, separate utilities, onsite parking for over 22 cars newly pavered. Prior Use of 1st FL were pediatric, Internal medicine, OBGYN and dental office which Consists of 8 Offices, 1 Lavatories, 1 Reception Area and Waiting Room. Agent Remarks: Listing Agent must accompany all showings

Walk Score®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-00314-0000-00006
Land Assessment
$171,900 (2025)
Improvements Assessment
$228,100 (2025)
Total Assessment
$400,000 (2025)
Annual Taxes
$27,116 ($5.07/SF)
Tax Year
2024
  • Listing ID: 38830185

  • Date on Market: 12/19/2025

  • Last Updated:

  • Address: 198 North Ave E, Cranford, NJ 07016

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