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Photo 1 of 16 — 101 South Ave, Cranford Twp., NJ 07016

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101 South AveCranford Twp., NJ 07016

Union County

$3,990,000List price
4,050Sq Ft
0.47Acre lot
1Stories
12 months agoOn market

Description

UNBELIEVABLE: BANK OF AMERICA LONG TERM GROUND LEASE, 4,050 SF BANK BUILDING WITH DOUBLE DRIVE THROUGH LANES, HARD CORNER SIGNALIZED INTERSECTION IN AFFLUENT CRANFORD TOWNSHIP, UNION COUNTY LOCATION, 30K VEHICLES PER DAY, LESS THAN 1/2 MILE FROM CRANFORD NJ TRANSIT STATION, FOUR (4) FIVE (5) YEAR RENEWAL OPTIONS WITH 20% RENT INCREASES EACH OPTION, BANK OF AMERICA (NYSE:BAC) HAS A STANDARD & POOR'S CREDIT RATING OF A-/STABLE, $67M+ DEPOSITS AT THIS LOCATION, EXCELLENT DEMOGRAPHICS WITH OVER 461K PEOPLE WITHIN 5 MILES AND AN AVERAGE HOUSEHOLD INCOME OVER$167K, EASY ACCESS TO MANY LOCAL HIGHWAYS INCLUDING 1 - 95, GARDEN STATE PARKWAY, ROUTE 22, 28, 9 AND I-78, MANY NATIONAL RETAILERS INCLUDING DUNKIN DONUTS, HOME DEPOT, SHOPRITE, McDONALDS, QUICK CHECK, WAWA AND WENDY'S, NOI: $319,440 CAP RATE: 8.00 %

Property Information

Property type
Commercial Sale
Stories
1
Building area
4,050 Sq Ft
Lot size
0.47 acres
Ownership
Fee Simple
Days on market
387
MLS® Listing#
3989060

Property Features

Heating
Natural Gas
Flooring
Carpet · Laminate
Lot features
Level
Construction
Brick
Roof
Asphalt
Security
Smoke Detector(s)
Utilities
Natural Gas Available
Sewer
Public Sewer
Water source
Public

Financial Details

Annual taxes
$47,595Tax year 2024
Assessed value
$671,400
Parcel number
2903-00402-0000-00001-0000-

Directions

101-103 SOUTH AVE WEST AT CORNER OF LINCOLN AVE WEST

Listing Courtesy: BHHS FOX & ROACH - 7324691515

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