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37 E Willow St
Millburn, NJ 07041
Stand Alone Surgical Center · Office Property For Sale
Investment Highlights
- Two Class C Operating Rooms
- Private and Patient baths
- Separate patient entrance and exit and private staff entrance
- Recovery and Step-down
- On and off street parking
- 8.9% Cap Rate
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
6,270 SF
Building Class
B
Year Built/Renovated
1963/2003
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,270 SF
Slab To Slab
10’
Building FAR
0.21
Lot Size
0.67 AC
Zoning
Office,Lgt Indust - CMO-Commercial, Medical, Office
Parking
30 Spaces (5 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Air Conditioning
About 37 E WILLOW ST , MILLBURN, NJ 07041
New 44% tax assessment reduction approved. New Annual Real Estate Tax Approximate $37,000. Well maintained surgical-medical building. Tenant till December 2023 with one year option. Two Class C operating rooms, recovery and step-down. Separate patient entrance and exit. Physician and staff entrance. Onsite and street parking. Emergency back up generator.
Property Taxes
| Parcel Number | 12-00507-0000-00082 | Improvements Assessment | $1,487,600 |
| Land Assessment | $411,400 | Total Assessment | $1,899,000 |
Property Taxes
Parcel Number
12-00507-0000-00082
Land Assessment
$411,400
Improvements Assessment
$1,487,600
Total Assessment
$1,899,000
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