630 KINGS HWY Woodbury, NJ 08096

The subject property is a U-shaped one-story brick/frame office building consisting of 5,372 SF of medical office situated on 1.26 +/- acres. Zoning is 4-A Commercial – PO. Parking is macadam surface, open air, overhead lighting with 20 striped parking spaces and another 2 handicap spaces. There is room for an additional 12 spaces. The grass coverage area along West Kings Highway actually has a macadam surface under the 4” topsoil and seeded area. There are two separate off-street ingress and egress drive cuts. Built approximately 1972, crawlspace. Building is three separate rental units. Each unit has its separate utilities of gas, electric, telephone, cable and public water and sewer service (one utility bill). Unit “C” (Center) presently owner-occupied, consists of two separate reception room areas, a center administrative work area, a lab/medical kitchen located behind that, 6 examination rooms, a full kitchen, a restroom, closet, two large executive offices, one small bookkeeping office and storage area on the second floor. Unit “B” (Right Side) consists of a waiting room, administrative reception station, three examination rooms, restroom, and ample storage closets. This unit is leased for until February 28, 2024 at $1,1315 per month. Vacate Clause in lease. Unit “A” (Left Side) presently leased until October 14, 2023. Monthly rental, $1,050. Vacate Clause in lease. Consists of reception room, office, three treatment rooms, restroom, utility room and office on second floor. Units 200 amp + service, FHA heating – heat pump, central air conditioning, electric domestic hot water heaters, security alarm systems, rear and front entrance doors. Owner will consider a lease-back or vacate and relocate if the buyer requires owner space. Leases provide for the following: Tenant pays (1) burglar alarm and burglar alarm monitoring service, if any is present; (2) fire alarm and fire alarm monitoring service, if any is present; (3) all exterminator’s service; (4) any janitorial service; (5) electric; (6) gas; (7) oil service; (8) telephone. Reimbursement to Landlord for 1/3rd the cost of water and sewer charges; private trash removal, snow and ice removal, lawn care and landscaping and any repairs or improvements to the parking lot. All other utility charges attributable to the Premises and the Tenant’s operation of Tenant’s business entity are paid by Tenant when due. Recent Upgrades Include: Heat Pump (Right Unit),Center Unit Flooring, New Roof, Electrical and plumbing upgrades, heat pump (Left Unit), New Domestic Hot Water Heater (Center), sump pumps. Total recent improvements exceed $75,000. Real estate tax appeal granted for total assessed value $390,000. Estimated future annual tax liability $13,302 versus current of $20,636 (2021).