Properties

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 %

Features

  • Heating System : See Remarks
  • Cooling System : See Remarks
  • Roof Deck : Asphalt Shingle
  • Furnished : Carpeting, Laminate, See Remarks
  • Lot Description: Level Lot
  • Tax Assessed Valuation: 671400
  • Sewer: Public Sewer, See Remarks
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural

Additional Info

  • Office Name: BHHS FOX & ROACH
  • Office MLS ID: 000336
  • Agent ID: 210255
  • Tax: 47595
  • Tax Year: 2024
  • Application Fee: $0
  • Zoning: COMMERCIAL

Commercial For Sale

For Sale
$3,990,000

101 South Ave, Cranford Twp., *

  • SQFT 20,446 Acre
  • Built Year 9999

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5386742
  • Price: $3,990,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 9999
  • Lot Area: 20,446 Acre
  • Status: Active
  • Days On Market: 175

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Union
  • City Cranford Twp.
  • Zipcode *
  • Street: South Ave
  • Street Number: 101
  • Street Direction: 101-103 SOUTH AVE WEST AT CORNER OF LINCOLN AVE WE
  • Floor Number: 0
  • Longitude: W75° 41' 44.4''
  • Latitude: N40° 39' 16.4''
  • Internet Display Address: No
Property