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Listed by John J. Kelly • OMNI Real Estate Professionals

$1,450,000

Est. payment - /mo

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7,310 SqFt

Active

1206 W SHERMAN AVE #2A Vineland, NJ 08360

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Jonathan Greene

jonathan@trustgreene.com +1(973) 873-0734

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Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 7,310 sqft

Price per Sqft $198

Subdivision None Available

MLS Listing ID NJCB2024320

Year Built 2008

Annual Tax Amount $26,073

Tax Year 2024

Lot Size 7.060 Acres

Acres 7.06

Property Sub-Type Office

Source BRIGHT

Property Description

Presenting a premium 7,310 sq. ft. medical office condominium located just 0.5 miles from Inspira Medical Center Vineland. Built in 2008, this well-maintained facility is currently occupied by IMG Vineland Surgical Associates, with a temporary gross lease in place and a projected conversion to a triple net (NNN) lease at $20–$21/SF thereafter. With a strong potential cap rate, this investment opportunity offers long-term upside. The interior features 11 fully equipped exam rooms, 12 private offices, and two spacious waiting areas; as well as a staff cafeteria, conference room, full bathroom and additional office space on the second floor. The building includes five bathrooms (four half, one full), four points of entry and exit, and benefits from excellent on-site parking with 58 designated spaces spanning the front and side of the building. Operational infrastructure includes multi-zone HVAC systems (serviced annually), two hot water heaters, and a condo fee of approximately $10,000/year which covers roof and exterior maintenance. Real estate taxes are approximately $26,073 annually. This medical office is ideal for investors or end-users seeking a turnkey facility in a high-demand healthcare corridor.

Location

State NJ

County Cumberland

Area Vineland City (20614)

Zoning COMM

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 58.0

Water Access N

Accessibility 2+ Access Exits, Level Entry - Main

Total Parking Spaces 58

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District City Of Vineland Board Of Education

Others

Tax ID 14-06101-00031-C2A

Ownership Fee Simple

SqFt Source Estimated

Security Features Security System

Special Listing Condition Standard

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Jonathan Greene

Team Leader | License ID: 1433604

+1(973) 873-0734

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1206 W SHERMAN AVE #2A Vineland, NJ 08360

Jonathan Greene

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1206 W SHERMAN AVE #2A