South Orange, NJ. Income-producing corner property (intersection/stoplight) with a bus stop directly in front of the building and NJ Transit rail station just blocks away. This 29-year general dentistry practice is located in the college town of South Orange Village with medical centers and universities nearby. The office itself is located on the ground floor and is recently renovated with a great patient base. A 2-bedroom apartment is rented out on the second floor. There is parking for 7 vehicles in the rear with additional street parking. The facility has two (2) fully equipped operatories and includes architectural drawings for expansion. If you are looking for prime real estate to own while collecting rent and treating your patients, then look no further than Dental Practice #4172. Retiring dentist will proudly help make the transition smooth and even stay on as a salaried employee, if you like.
Physical Facilities:
- 800 sq. ft. (approximate) office, 600 sq. ft. basement
- Practice available with or without real estate
- Reasonable lease offered, if you are not buying the real estate
- Waiting room and reception area
- Separate private doctor’s office
- 2 fully equipped operatories, architectural drawings for expansion
- Dentrix Dental software – Server and 3 workstations
- Physical assets valued at $25,000
Practice Information:
- Mixed Fee for Service/PPO/HMO patient base
- Approximately 1,400 active patients (past 24 months)
- Office open 3 1/2 days/week
- Tues. 11-7, Thurs. 10-6, Fri. 8:30-4:30, Alternate Sat. 9-2
- 3 PT staff members
- Average Monthly Collection thru October 2018 is $20,000
- Annual Collections for:
- 2017 $269,344
- 2016 $195,196
- 2015 $233,921
- 2014 $260,459
- Averaged 5 New Patients/month past 12 months