For Lease: $3,990/Month
For Sale: $450,000
Recently Renovated | Medical Build-Out | Ample Parking | Established Medical Building
EXECUTIVE SUMMARY
An exceptional opportunity to lease or purchase a recently renovated ±1,200-square-foot medical/professional office suite within an established multi-specialty medical building in Mahwah, Bergen County, New Jersey.
Located on the first floor, the suite offers an efficient, move-in-ready layout designed for an appointment-based medical practice while providing the flexibility to accommodate a variety of other professional and wellness-oriented users, subject to applicable approvals.
One of the property's greatest advantages is its location within an existing healthcare environment. Rather than establishing a practice in a conventional office building, a medical user can position itself alongside complementary healthcare providers and benefit from the building's existing patient traffic, professional identity and medical infrastructure.
The suite has been recently renovated and offers a modern, professional environment with a flexible configuration of three examination rooms plus a private office or up to four examination/treatment rooms, along with a large nursing/workstation area, private restroom and spacious reception/waiting area.
For an owner-user, the opportunity provides the ability to control occupancy costs and build equity through ownership of the real estate. For a tenant, the space provides an opportunity to establish or expand a practice without the time and expense typically associated with constructing a medical office from an unfinished shell.
PROPERTY HIGHLIGHTS
* Approximately 1,200 SF
* First-floor location
* Recently renovated
* Medical/professional office configuration
* Up to four examination or treatment rooms
* Alternatively configured as three examination rooms + private physician/executive office
* Spacious central nursing/workstation area
* Large reception and waiting area
* Private restroom
* Established multi-specialty medical building
* On-site and surrounding complementary medical providers
* On-site diagnostic imaging
* Excellent patient and employee parking
* Professional medical-office environment
* Convenient Northern Bergen County location
* Access to surrounding Bergen, Rockland and Passaic County populations
* Lease or owner-user acquisition opportunity
* Potential for additional professional uses, subject to applicable zoning, condominium/building restrictions and approvals
OFFERING TERMS
FOR LEASE
Asking Rent: $3,900 Per Month
At approximately 1,200 SF, the asking rent equates to approximately $39.00/SF annually before consideration of any additional rent or operating expenses applicable under the lease.
The suite provides an attractive alternative to undertaking a new medical-office build-out. A medical tenant may be able to substantially reduce the time, capital investment and operational disruption associated with designing and constructing a new practice.
FOR SALE
Asking Price: $450,000
Approximately $375/SF
The sale opportunity should appeal particularly to physicians, medical groups and professional users who expect to remain in the Northern Bergen County market over the long term.
Ownership allows an occupant to convert a recurring occupancy expense into a real estate asset while gaining greater control over its premises and long-term occupancy.
AN ESTABLISHED MEDICAL ECOSYSTEM
The property offers something increasingly important to healthcare providers: proximity to complementary medical services and specialists.
The building is home to an established network of medical users, helping create a destination where patients may receive multiple healthcare services within the same property.
Among the healthcare services located at 400 Franklin Turnpike are:
Hospital for Special Surgery – Northern NJ Surgery Center
A state-of-the-art outpatient surgery facility serving orthopedic and musculoskeletal patients.
Diagnostic Imaging
On-site radiology and diagnostic imaging provides additional convenience for physicians and patients.
Orthopedic & Specialty Practices
The property and surrounding area support an established concentration of physicians, specialists and healthcare services.
For a medical practice, this concentration can create meaningful opportunities for patient convenience, professional relationships and potential referral synergies, while allowing patients to access complementary services without traveling to multiple locations.
WHY MAHWAH?
Mahwah occupies a strategic position at the northern end of Bergen County, close to the New York/New Jersey border.
The location provides access not only to Mahwah residents, but to an expanded patient and professional base throughout Northern Bergen County, Rockland County, Passaic County and nearby communities in New York and New Jersey.
Mahwah is an affluent and highly educated community. U.S. Census Bureau estimates place the township's population at approximately 25,700, with median household income exceeding $131,000 and approximately 60% of residents age 25+ holding a bachelor's degree or higher.
The community also has an attractive demographic profile for healthcare providers, with approximately 23.5% of the population age 65 or older.
These characteristics can be particularly attractive to specialty healthcare, wellness and professional-service providers seeking an established Northern Bergen County clientele.
HEALTHCARE INVESTMENT IN THE MARKET
Mahwah and Northern Bergen County continue to attract significant healthcare investment.
Hospital for Special Surgery expanded its Northern New Jersey presence with the opening of the HSS Northern NJ Surgery Center in Mahwah, complementing its larger outpatient operation in Paramus.
The Mahwah facility represents HSS's first surgery center in New Jersey dedicated to ambulatory procedures, further strengthening Mahwah's position as a destination for specialized outpatient healthcare.
The broader Mahwah market also includes substantial healthcare infrastructure such as Valley Health System's 75,000-square-foot Center for Health and Wellness, which includes diagnostic imaging, laboratory services, rehabilitation, sports medicine and other healthcare and wellness services.
This continued institutional investment reinforces the Northern Bergen County market as an attractive location for independent physicians, specialty practices and complementary healthcare providers.
ACCESS & REGIONAL CONNECTIVITY
Mahwah provides excellent regional accessibility.
The township sits at an important transportation crossroads near:
Interstate 287
Route 17
Route 202
New York State Thruway / I-87
This connectivity makes the location convenient for patients and employees traveling from communities throughout Bergen County as well as nearby Rockland and Passaic counties.
Bryan Lanza
The Agency | Commercial Division
