PROPERTY DESCRIPTION

Expansive 3888 square foot building located in proximity to a highly desirable commercial area near Lincoln Park. This building offers easy access to lush green spaces, sports facilities, and recreational activities, making it an attractive spot for tenants and businesses alike. Just 1.2 miles from Journal Square, one of Jersey City's primary transportation and commercial centers, this building includes a thriving dental practice on lower level of 2 story building. The practice can be sold separately or together with the building. This income producing, mixed use commercial/residential building includes two (2) 3 Bedroom apartments on the second level. On the street level the 1944 sq ft dental office allows easy access for handicap patients and is within a block of the NJ Transit Bus #10 from Journal Square, just 1.2 miles away. The facility offers five (5) fully equipped operatories, four (4) x-ray machines (2 of which are digital), and 1940 square feet of office space. There is additional storage space in the basement. This space can also be used for equipment. The retiring dentist will stay on to help, for a perfectly smooth transition. There is on-street parking only, but there is a Walgreens next door. Physical Facilities: • 1944 sq. ft. (approximate) office • Additional Storage space in basement 280.5 sq ft • Practice is being sold exclusively with its real estate • Reception area and waiting room • Sterilization and lab area • Staff/break room • Separate private doctor’s office • 2 bathrooms • 5 fully equipped operatories • 4 x-ray machines (2 digital) • 2 Zoom Whitening machines • PracticeWorks Dental software – 1 Server and 3 workstations • Physical assets valued at $200,000 Practice Information: • Mixed Fee for Service/PPO/Misc. patient base • Approximately 1,300 active patients (past 24 months) • Open 4 ¼ days/week • M, T, Th, F - 9:00 am to 5:30 pm. W - 9:00 am to 11:00 pm • 4 FT, 1 PT staff member • 2024 Collections (Jan. 2024 thru Jun. 2024) were $194,215 • Annual Collections for: o 2023: $475,000 o 2022: $480,000 o 2021: $498,000 o 2020: $390,000 o 2019: $614.034 • Averaged 50 New Patients/month, past 12 months Price: $299,000 (Practice) + $1,250,000 (Real Estate)