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351-357 Bloomfield Ave
Caldwell, NJ 07006

$250,000 USD

Storefront Condo For Sale  •  1,100 SF

Property Details

  • Property Type Storefront
  • Total Building Size 10,266 SF
  • Lot Size 0.49 AC
  • Building Class C
  • Year Built 1940
  • Tenancy Multiple
  • Zoning B
0 Transit Score
91 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 355 Medical Office 1,100 SF $250,000 USD
  • Unit Size: 1,100 SF
  • Condo Use: Medical Office
  • Price: $250,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $227.27 USD
Description
**** The building/suite is NOT for Sale. This is a business sale and lease assignment.******

Sale Notes
Berkshire Hathaway Commercial proudly presents Greco Physical Therapy And Wellness, a fully renovated medical business for SALE in Caldwell, NJ. This established healthcare business offers comprehensive services including physical therapy, acupuncture, therapeutic and medical massage, rehabilitation exercise programs, sports and work injury rehabilitation, graston therapy, cupping, pre/post surgical rehabilitation, red-light therapy, IV drip, posture reevaluation, and wellness programs.

BUSINESS HIGHLIGHTS:
• Fully renovated practice with high growth potential
• Comprehensive service offerings across multiple wellness disciplines
• Absentee owner operation demonstrating strong management systems
• Established patient base and revenue history
• Prime Essex County location
• VERY low rent
•Long Term Lease (9-years with 5-year option)

FINANCIAL OVERVIEW:
• Asking Price: $250,000
• Annual Cash Flow : Upon Request (ONLY Open 3-days a week)
• Revenue multiple reflects growth stage opportunity

GROWTH OPPORTUNITIES:
Significant expansion potential through extended operating hours (6-7 days weekly), additional physical therapists and PTAs, enhanced wellness service offerings, and in-home service delivery. The current absentee ownership model provides incoming buyers flexibility to implement growth strategies immediately.

OWNER SUPPORT:
Office manager available for retention with comprehensive support and training during transition period, ensuring operational continuity.

This turnkey medical practice represents an excellent opportunity for healthcare professionals or investors seeking entry into the growing physical therapy and wellness sector. The diverse service portfolio and renovation-ready facility position the business for immediate expansion in New Jersey's robust healthcare market.

Seller motivated due to other business opportunities. Qualified buyers will receive detailed financial documentation and operational insights during due diligence process.

**** The building/suite is NOT for Sale. This is a business sale and lease assignment.

Financial Summary

Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Evolve Health & Fitness LLC
Ganesha Yoga
Golden Mountain Chinese
Gyro World 11/5/2030
Hong Kong Chinese Kitchen
Indigo Yoga
Lightport Physical Therapy
Minuteman Press
NY Strong
Wish Mentors LLC 12/31/2024

Amenities

  • Bus Line
  • Signage
  • Tenant Controlled HVAC
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Walnut Street (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit)) 12 min - 4.3 mi
Watchung Avenue (Montclair-Boonton Line - NJ Transit Commuter Rail (NJ Transit)) 12 min - 4.7 mi
AirportDriveWalkDistance
Newark Liberty International 26 min - 15.4 mi
LaGuardia 49 min - 33.7 mi
John F Kennedy International 60 min - 36.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Roman Drukarov 973-454-3218 Berkshire Hathaway Commercial
Roman Drukarov 973-454-3218 Berkshire Hathaway Commercial