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    101 South Ave Cranford, NJ 07016

    For Sale
    $3,990,000

    Other - Cranford Twp., NJ

    Property size:
    4,050 SF
    Lot size:
    0.47 Acres
    Days on Market:
    42
    Last Refresh:
    Dec 14 at 3:06 pm

    Property Features for 101 South Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    4,050 SF
    Lot size
    0.47 Acres

    Utilities

    Heating system
    See Remarks (Heating)

    Building Details

    Number of units
    1
    Flooring type
    Carpet, Laminate
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Berkshire Hathaway HomeServices Fox & Roach, Realtors [email protected]

    Listing agent Timothy Deluccia (732) 469-1515

    Listing date Nov 3, 2025

    MLS# 3989060 Listing URL

    Copyright © 2025 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bank of America Ground Lease

    This 4,050 square foot bank building is located at a hard corner signalized intersection in Cranford Township, Union County. The property features double drive-through lanes. Bank of America occupies the building under a long-term ground lease. The location benefits from high traffic volume, with 30,000 vehicles per day. It is situated less than half a mile from the Cranford NJ Transit Station. The lease includes four five-year renewal options, each with 20% rent increases. Bank of America has a Standard & Poor's credit rating of A-/Stable and over $67 million in deposits at this location. The surrounding area has strong demographics, with over 461,000 people within 5 miles and an average household income exceeding $167,000. The property offers easy access to several local highways, including I-95, Garden State Parkway, Route 22, 28, 9, and I-78. Nearby national retailers include Dunkin Donuts, Home Depot, Shoprite, McDonalds, Quick Check, Wawa, and Wendy's. The property generates a net operating income (NOI) of $319,440 with an 8.00% cap rate and sits on a 0.47 acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cranford
    County
    Union
    State
    New Jersey
    Longitude
    -74.30434
    Latitude
    40.65456

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    FAQs

    What type of property is this?
    Bank - Bank branch with drive-thru in affluent Cranford Township.
    Where is this bank located?
    The property is located at 101 South Ave Cranford, NJ.
    What is the asking price?
    The asking price for this property is $3,990,000.
    What are key features of this property?
    This property features: - Bank of America long-term ground lease provides stable, reliable income.; - High-traffic location at a **signalized hard corner with 30,000 vehicles per day.**; - Strong financial performance with $67M+ deposits at this Bank of America location.
    (732) 469-1515
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    101 South Ave Cranford, NJ 07016
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 South Ave Cranford, NJ 07016
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