Colliers announced the upcoming auction of 197 Hance Avenue, a prominent 58,000-square-foot medical facility in the heart of Monmouth County. Formerly the home of the renowned Red Bank Veterinary Hospital, the vacant, turn-key asset will be sold via the Ten-X online platform from Jan. 26–28.
The sale is being spearheaded by a Colliers team including Vice Chair Jacklene Chesler, Vice President Patrick Norris, and Transaction Manager Brittany Leventoff.
The property at 197 Hance Avenue is a rare “user-ready” medical-office asset. Built originally as a state-of-the-art multi-specialty animal hospital, its heavy-duty infrastructure makes it an ideal candidate for conversion to human healthcare or specialized surgical use.
Key facility highlights include:
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Imaging & treatment infrastructure: Pre-configured rooms for a linear accelerator, MRI, and CT imaging.
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Clinical space: 25 exam rooms alongside multiple treatment and surgical suites.
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Operational reliability: On-site standby power system, upgraded HVAC, and advanced air filtration systems.
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Parking & capacity: 97 on-site parking spaces, including covered below-grade options.
“197 Hance Avenue provides a compelling opportunity for both investors and owner-users seeking a well-positioned facility in a high-demand area,” Jacklene Chesler, vice chair at Colliers. “The property’s flexible layout and vacant delivery make it an attractive option for healthcare professionals or medical groups looking to serve the local area.”
Situated just two miles from Downtown Red Bank and the 450-bed Hackensack Meridian Riverview Medical Center, the facility sits within a robust medical corridor. The location offers unparalleled accessibility via Exit 109 of the Garden State Parkway, which sees approximately 47,700 vehicles daily.
The surrounding demographics further enhance the property’s value; within a five-mile radius, the average household income reaches nearly $195,000, with a dense concentration of over 3,500 medical providers within 10 miles.
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Platform: Ten-X Commercial Real Estate
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Dates: January 26–28, 2026
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Starting Bid: $1,250,000
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Property Type: Vacant Medical/Office ($\pm$58,407 SF)
For further information regarding the auction or to schedule a tour, interested parties should contact Brittany Leventoff at Colliers.
