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Mixed-Use Property with Office Building
New
For Sale
$950,000

1 Olcott Ave 1, Bernardsville, NJ 07924

Two residential units are paired with a separate professional building and an attached garage.

Property SizeContact for details
Days on Market7

Property Features for 1 Olcott Ave 1

General Information

Standard status Active
Property subtype Multi Family

Additional Details

Office Units 1

Taxes and HOA fees

Annual Taxes $16,125

Building Details

Buildings 1
Units 2
Construction brick
Listed By: JENNIFER LEIGH MASTERS
Source: Elliman
Added: Oct 4 Changed: Oct 8 Last Checked: Oct 9 at 10:57PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JENNIFER LEIGH MASTERS

Investment Insights

Based on property information with market context.

The property includes a two-unit residence and a separate brick professional building. The residence has a basement, multiple bedrooms, hardwood floors, built-in features, original woodwork, and a covered front porch. The professional building contains a reception and waiting area, 2 exam rooms, an office, attic storage, and an attached garage. It was previously used as a dental office.

The property is within walking distance of Bernardsville’s town center. Its Walk Score is 66 and Bike Score is 34.

Key Highlights

  • Two‑unit residence with basement and covered front porch
  • Separate brick professional building with reception area, waiting room, 2 exam rooms, and office
  • Professional building includes attic storage and an attached garage

Property Analytics

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Current Use

Galdieri Vincent L ... Dental Office

Suggested Use

Top Pick Daycare Center Computer & Electronic Repair Storage Facility Catering Service Auto Parts Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units

Location Intelligence

Trade Area within ½ mile

846
Businesses Nearby

Demographics for 07924, NJ

7,650
Population
2,683
Households
2.9
Avg Household Size
41
Median Age
69%
College-Educated
93%
High-School Grad
12.0 sq mi
ZIP Area
638
Density / Sq Mi
$230,752
Median Household Income
$74,760
Median Earnings
$2,155
Median Rent
$733,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two residential units are paired with a separate professional building and an attached garage.
Where is this mixed-use property located?
The property is located at 1 Olcott Ave 1 Bernardsville, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two‑unit residence with basement and covered front porch; Separate brick professional building with reception area, waiting room, 2 exam rooms, and office; Professional building includes attic storage and an attached garage
More about this property
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