office building - loopnet

51 Grove StreetChester Borough, NJ

FOR SALE 7,000 SFOffice Building

51 Grove StreetChester Borough, New Jersey

51 Grove StreetChester Borough, NJ

PROPERTY OVERVIEW• 7,000 SF well maintained professional office building

• Sits on .62 acres

• First floor is owner occupied; will lease back for five (5) years

• Owner will vacate for buyer

• Second floor consists of two (2) inviting office suites • Suite 1: 1,500 SF open concept • Suite 2: 2,000 SF includes five (5) offices/conference rooms & kitchen area • Both suites have tiled bathrooms & storage

• Internet/cable wired, central heat/AC

• Plenty of natural light/windows - great working environment

• 28 parking spaces

• Move in condition

• Non-weight bearing walls for easy office space reconfiguration

• Units are individually zoned with separate HVAC units

• Walk to shops, restaurants, community theater, and Grove Street park in downtown historic Chester

• Easy access to major transportation (see map on following page)

OFFERED AT $1,425,000

51 Grove StreetChester Borough, NJPROPERTY DETAILS

CURRENT RENTAL INCOME POTENTIAL RENTAL INCOME

$8,375/month; $100,500/year $11,875/month; $142,500/year

Building includes two entrance/exists. Main entrance from parking lot into tiled foyer with entrance to 1st Floor suite, and main staircase to 2nd Floor suites. The Grove St. entrance also includes a beautifully tiled foyer with entrance to 1st floor suite and 2nd staircase to 2nd floor suites

FIRST FLOOR 3,500 sq. ft. ADA compliant /currently leased as physical therapy. Reception area, administrative offices/kitchenette, conference room; two (2) bathrooms, four (4) private treatment rooms/offices, large open gym area.

SECOND FLOOR

1,500 sq. ft. currently occupied. Open floor plan with non-weight bearing walls allowing for easy office reconfiguration if desired. Reception/waiting area with hard wood floor; wall to wall carpet throughout remainder of space; private bathroom; many windows creating lots of natural light.

2,000 sq. ft. currently available for lease. Space includes reception/waiting area, five (5) private offices; conference room; closet designated for internet/cable wiring; 15 voice/data outlets throughout; kitchenette; and private bathroom. No weight bearing walls, allowing for easy reconfiguration of office space if desired.

51 Grove StreetChester Borough, NJLOCATION MAP

51

NJ Transit Gladstone Line (5.7mi.)

Close to Routes 206, I-78 and I-80.

NJ Transit Morristown (13.2 miles)

Newark International Airport (39.2 mi).

51 Grove StreetChester Borough, NJPROPERTY AERIAL

51 Grove StreetChester Borough, NJTAX MAP

ABOUT CHESTER BOROUGH

Chester is a borough in Morris County, New Jersey, United States. The borough is completely surrounded by Chester Township making it part of 21 pairs of “doughnut towns” in the state, where one municipality entirely surrounds another. The borough’s name is derived from the township, which was named for Chestershire in England.

In 2010, Forbes ranked Chester at 321st in its listing of “America’s Most Expensive ZIP Codes,” with a median home price of $823,691.

The median income for a household in the borough was $80,398, and the median income for a family was $106,260

51 Grove StreetChester Borough, NJ

51 Grove StreetChester Borough, NJ

THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES CONSIDERED TO BE RELIABLE, BUT NO GUARANTEE OF ITS ACCURACY IS MADE BY NAI JAMES E. HANSON.

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For more information

Joe Vindigni 973 463 1011 x169

jvindigni@naihanson.com

Sig Schorr973 463 1011 x177

sschorr@naihanson.com