Red Bank Area Medical Office 535 Sycamore Ave
5,905 SF Office Building Shrewsbury, NJ 07702 $2,865,087 CAD ($485.20 CAD/SF)



EXECUTIVE SUMMARY
Prime high traffic, high visibility, half acre Medical/ Professional property in the greater Red Bank area. Two buildings (main 6,000 ft classic colonial style two story offices ((full basement and attic for storage and additional space))). Main building has 6 exams rooms, operating and recovery room, multiple private offices, admin area for over 10 people, waiting room for 20, large basement for storage with large laundry room and attic for additional store space. Second building setup currently as 500 ft medi-spa with 2 treatment rooms, bathroom and waiting area. Plenty of on site parking. ADA accessibility to first floor. Located in close proximity to local hospitals and public transportation (NJ Transit Little Silver train station is less than 2 miles away). Easy access to major roadways including the Garden State Parkway, Route 35, Route 36 and Shrewsbury Avenue. Close to all the restaurants and shops in downtown Red Bank and The Grove Shopping Center. Near the very affluent areas of Rumson, Fair Haven and Colts Neck. Near Netflix's new billion dollar studio development.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
---|---|---|
Taxes |
$99,999
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$9.99
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Operating Expenses |
-
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-
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Total Expenses |
$99,999
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$9.99
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PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,905 SF
Building Class
C
Year Built/Renovated
1860/2018
Price
$2,865,087 CAD
Price Per SF
$485.20 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,953 SF
Building FAR
0.27
Lot Size
0.51 AC
Zoning
P-1 - Medical or professional office, health facilities.
Parking
25 Spaces (4.23 Spaces per 1,000 SF Leased)
1 of 1
PROPERTY TAXES
Parcel Number | 44-00029-0000-00004 | Total Assessment | $1,932,922 CAD |
Land Assessment | $636,924 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
Improvements Assessment | $1,295,998 CAD | Tax Year | 2024 |