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2305 N Wood Ave 2,500 SF 25% Leased Office Building Roselle, NJ 07203 $695,000 ($278/SF)
INVESTMENT HIGHLIGHTS
- Heavy car traffick
- Large lot with expansion opportunity
- Private parking lot
EXECUTIVE SUMMARY
Great investment opportunity for a cashflow investor, 1031 transaction, owner-user or developer. 2500 square foot professional building with 4 separate office suites each with their own entrance and utilities. Building sits on a large 100' x 100' lot and is located at the intersection of St. Georges Ave with excellent average daily traffic. Building has private parking lot. Owner is currently using one of the suites for his dental practice and is willing to stay on as a tenant after the closing. Lots of flexibility afforded by this investment opportunity. Listing agent will accompany on all showings.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
2,500 SF
Building Class
C
Year Built
1950
Price
$695,000
Price Per SF
$278
Percent Leased
25%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,500 SF
Building FAR
0.25
Lot Size
0.23 AC
Zoning
Business/Commercial - Details at https://ecode360.com/33686209#33686561
Parking
12 Spaces (4.8 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 14-07305-0000-00012 | Improvements Assessment | $193,900 |
| Land Assessment | $90,000 | Total Assessment | $283,900 |
PROPERTY TAXES
Parcel Number
14-07305-0000-00012
Land Assessment
$90,000
Improvements Assessment
$193,900
Total Assessment
$283,900
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2305 N Wood Ave
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