Commercial Land for Sale in Vineland, New Jersey
1206 W Sherman Ave Vineland, NJ 08360
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Exclusive Investment Opportunity The Rivas Realty Group is proud to present a prime, income-generating investment opportunity at 1206 W. Sherman Ave, Building 2A, Vineland, NJ. This modern, well-maintained 2-story medical office building offers 7,310+ sq. ft. of professional-grade office space, strategically designed to support medical tenants. Featuring 11+ exam rooms, 12+ private doctor's offices, and two spacious waiting areas, the facility is built to accommodate healthcare professionals and their patients with efficiency and comfort. Additional on-site amenities include a staff cafeteria and a conference room, making this a highly functional space for long-term tenants. Constructed in 2008 and in excellent condition, the property is low-maintenance, providing an ideal turnkey solution for investors seeking stability and minimal oversight. The property is currently leased to IMG Vineland Surgical Associates, a reputable, long-term tenant that has occupied the building since 2018 and has a lease expiration of 4/30/25. The current "gross" lease structure has the tenant covering utilities while the landlord is responsible for insurance, taxes, condo fees, and maintenance. Key investment highlights include a current cap rate of 7.86% and a projected rent increase to fair market value of $20-$21 per sq. ft. under the NNN lease structure, enhancing future income potential. The property's prime location just 0.5 miles from Inspira Vineland Hospital ensures high visibility and easy access for patients and staff alike, further elevating its attractiveness as a medical office investment. At an asking price of $1,695,950, this property offers an attractive value proposition for investors seeking long-term, stable returns guaranteeing cash flow with minimal management responsibilities and low operational costs. This is a rare opportunity to acquire a well-positioned, low-risk asset in a thriving healthcare market. For more information or to schedule a tour, please contact the Rivas Realty Group today. This investment opportunity won't last!
Directions
West on Sherman, cross Delsea Dr., on right before Inspira.
Location
- Street Address
- 1206 W Sherman Ave
- County
- Cumberland County
- Community
- Vineland City
- Elevation
- 89 feet
Property details
- MLS Number
- SJSRMLS 592592
- Date Posted
Property taxes
- 2024
- $26,074
Detailed attributes
Listing
- Type
- Commercial Sale
Exterior
- Parking
- Paved or Surfaced
Interior
- Rooms
- Office, Utility Room
- Features
- Accessible Approach With Ramp, Handicap Features, Restroom
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Jan 29, 2025 | New listing | $1,695,950 | — | SJSRMLS |