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125 Park Ave
1,700 SF of Retail Space Available in Madison, NJ 07940
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 1,700 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | TBD |
1st Floor
Amazing opportunity to sublet a new boutique fitness space in a desirable Madison, NJ location! The space is currently being renovated for use as a boutique fitness studio and ~1,700 sqft is available for sublet. The main studio is an open space of ~1,300 sqft and there is also a childcare room. Hours available for sublet are weekday afternoon / evenings and most weekend hours. Sublet rates are negotiable depending on the hours needed and duration of the sublet. This space would be perfect for the following businesses: 1. Fitness/personal training business that operates in the afternoons/evenings 2. Dance studio (especially for after school dance) 3. Martial Arts studio 4. Sports training/conditioning programs after school 5. Event/Birthday Party Planner (current owner can help you secure trainers/programming for fitness related birthday parties) If you are interested in starting your own business in the area but may not have the capital to do so, owners would entertain investing with you for a compelling opportunity.
- Sublease space available from current tenant
- Space is an outparcel at this property
- Space is in Excellent Condition
- Central Air Conditioning
- Wooden Floors
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 125 Park Ave , Madison, NJ 07940
| Property Type | Retail | Year Built | 1935 |
| Property Subtype | Health Club | Parking Ratio | 2.61/1,000 SF |
| Gross Internal Area | 3,826 SF |
| Property Type | Retail |
| Property Subtype | Health Club |
| Gross Internal Area | 3,826 SF |
| Year Built | 1935 |
| Parking Ratio | 2.61/1,000 SF |
About the Property
Amazing opportunity to share a new boutique fitness space in a desirable Madison, NJ location! The space has just been renovated for use as a boutique fitness studio and ~1,700 sqft is available for sublet during weekday afternoon/evening and most weekend hours. The main studio is an open space of ~1,300 sqft and there is also a childcare room. Hours available for sublet are weekday afternoon / evenings and most weekend hours. Sublet rates are negotiable depending on the hours needed and duration of the sublet. This space would be perfect for the following businesses: 1. Fitness/personal training business that operates in the afternoons/evenings 2. Dance studio (especially for after school dance) 3. Martial Arts studio 4. Sports training/conditioning programs after school 5. Event/Birthday Party Planner (current owner can help you secure trainers/programming for fitness related birthday parties) If you are interested in starting your own business in the area but may not have the capital to do so, owners would entertain investing with you for a compelling opportunity.
- Air Conditioning
-
Joseph Siano - 125-127 Park Ave Llc
Presented by
125-127 Park Ave Llc
125 Park Ave
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