Bank of America Ground
101 South Ave, Cranford, NJ 07016
Other - Cranford Twp., NJ
Property size:
4,050 SFLot size:
0.47 AcresPrice / SF:
$985/SF- Added:
- Sep 25, 2025
- Days on Market:
- 232
- Last Refresh:
- May 14 at 6:06 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
Taxes and HOA fees
- Tax Annual Amount
- 47595
Utilities
- Heating system
- See Remarks (Heating)
Building Details
- Number of units
- 1
- Flooring type
- Carpet, Laminate
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Timothy Deluccia (908) 938-6405
Listing office BHHS Fox & Roach Martinsville South Sales Office 1996 Washington Valley Road, NJ
Listing date Sep 25, 2025
MLS# 3989060
Listing URL
Copyright © 2026 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.
HighLights
- 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.
- Favorable lease terms include four (5) five‑year renewal options with 20% rent increases each option.
- Excellent demographics: 461K+ people within 5 miles and $167K+ average household income.
- Convenient access to major highways and proximity to Cranford NJ Transit Station.
Overview
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
Location Insight
- Map
- Local Demand
- City
- Cranford
- County
- Union
- State
- New Jersey
- Longitude
- -74.30434
- Latitude
- 40.65456
Nearby Similar for Sale
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.
