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285 Parker Road, Eatontown, NJ 07724
$1,375,000
285 Parker Road, Eatontown, NJ 07724View this property at 285 Parker Road, Eatontown, NJ 07724
285 Parker RoadEatontownNJ07724
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Property Description
Healthcare professionals and investors won't want to miss this chance to own a well-maintained medical / professional building in the heart of beautiful Eatontown! This nicely planned and spacious 5,600 (+/-) sq ft medical office building is close to major highways, Monmouth University and the Mall and sits on a large lot with its own private parking lot. The upper floor is currently used as a chiropractic office, but has many possible medical and professional uses. Income investors will appreciate the low expenses and strong income potential yielding an impressive cap rate. Building currently has approximately 1500 sf of vacant office space perfect for an additional tenant or owner use. Don't miss out on a rare opportunity to own this conveniently located commercial building. 285 Parker Road boasts upgrades including a new roof, new HVAC systems and has recently been painted (exterior). The building has many uses and outstanding financials including a proforma cap rate of approximately 7%. With the current market's low inventory of high-quality investment properties, this one won't last!
Full Property Details
Full Property Details for 285 Parker Rd
General
- Price: $1,375,000
- HOA FEE: $500
- Taxes: $14,250 (2022)
- Status: Active
- Type: Office
- MLS ID: 22330304
- Updated: 4/2/2024
- Added to Site: 179 day(s) ago
Business
- Name: Active Care Solutions
Interior
- Interior Features: Fire Alarm, Sprinkler
- Flooring: Vinyl, Tile, Other
Parking
- Total Spaces: 23
- Parking Features: Off-Street, Lighted, On-Site Parking, Paver Block
Location
- Area: Eatontown (EAT)
- Municipality: Eatontown (EAT)
- County: Monmouth
- Location Details: Other (See Remarks)
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Baseboard, Forced Air
Utilities
- Gas: On Site
- Dist. to Gas: On Site
- Sewer: Public Sewer
- Water: Public
Structural Information
- Roof: Shingle
- Square Feet: 5,602
- Current Bldg. Use: Day Care, Medical, Other, Professional Service, Professional/Office
- Year Built: 1986
Lot Features
- Lot Size (Acres): 0.75
- Lot Size (Sq. Ft.): 32,670
- Lot Dimensions: 119 x 275
- Zoning: Commercial
Financial Considerations
- Price Per Sq. Ft.: $245.45
- Sub Lease Exp.: 2024-07-31
- Maint. Fee/Month: $500
- Assessment Amount: $722,000
- Tax Amount: $14,250
- Tax Year: 2022
- Owner Pays: See Remarks
- Landlord Pays: Other (See Remarks)
Disclosures and Reports
- Documents Avail.: Aerial Photo, Financial Statement, Lease
- Exclusions: Tenant furnishings and medical equipment
- Property ID: 12-02801-0000-00036
- Section: None
Listed by RE/MAX Select, Darren Tietsworth
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Schools
Schools serving 285 Parker Rd
School Districts:Eatontown Public Schools, Monmouth Regional H S Di Schools
Rating | Name | Grades | Distance |
---|---|---|---|
65 Raleigh Ct, Eatontown, NJ 07724 | K-6 | 1.3 mi | |
7 Grant Ave, Eatontown, NJ 07724 | 7-8 | 1.6 mi | |
1 Norman J Field Way, Tinton Falls, NJ 07724 | 9-12 | 3.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 285 Parker Rd
Date
Details
Price
Change
Source
3/25/2024
Price Reduced
$1,375,000
-11.29%
MLS
10/31/2023
Listed
$1,550,000
127.33%
MLS
12/23/2008
Sold
$681,819
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 285 Parker Rd
Year
Property Taxes
Change
Tax Assessment
Change
2022
$14,250
-6%
$722,000
10%
2021
$15,094
—
$656,400
—
2018
$15,169
3%
$656,400
—
2017
$14,657
2%
$656,400
—
2016
$14,329
-4%
$656,400
—
2019
$14,946
1%
$656,400
-2%
2015
$14,830
-1%
$667,100
—
2014
$15,050
1%
$667,100
—
2013
$14,843
—
$667,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 285 Parker Rd
285 Parker Road, Eatontown, NJ 07724 (MLS# 22330304) is a Office property. 285 Parker Road is currently listed for $1,375,000 and was received on October 31, 2023. Want to learn more about 285 Parker Road? Do you have questions about finding other Office real estate for sale in Eatontown? You can browse all Eatontown real estate or contact a Coldwell Banker agent to request more information.