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North Ave Cranford, NJ 07016

For Sale
$1,350,000

Historic building, prime Cranford location. High rental potential.

Description

Added:
Feb 3, 2025
Days on Market:
309
This exceptional mixed-use property presents a unique investment opportunity in the desirable town of Cranford, New Jersey. Situated directly across from the Cranford Train Station and nestled amongst thriving restaurants and retail establishments, this historically designated building offers unparalleled convenience and visibility. The first floor currently features retail space, previously occupied by a barber shop and soon to house a bubble tea shop, ensuring immediate income generation. Above the retail space are two generously sized apartments, providing additional rental income streams. A finished basement, accessible both internally and via a separate entrance, offers versatile potential as office space or storage, further enhancing the property's functionality and value. The 0.04-acre lot provides ample space for the building and its operations. The property's prime location, combined with its diverse income-generating components and the potential for further development or expansion of the basement space, makes this an attractive investment for discerning buyers seeking a strong return on investment in a highly sought-after New Jersey community. The building's historical designation adds a unique character and potential for future appreciation. This is a rare opportunity to acquire a well-positioned, income-producing property in a vibrant and growing town. The asking price is $1,350,000.

Property Features for North Ave

General Information

Property type
Other commercial real estate
Lot Size
1,742 SF

Building Details

Year Built
1912

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Cranford
County
Union
State
New Jersey
Longitude
-74.3049
Latitude
40.65574

FAQs

What type of property is this?
Commercial real estate - Historic building, prime Cranford location. High rental potential.
Where is this commercial real estate located?
The property is located at North Ave Cranford, NJ.
What is the asking price?
The asking price for this property is $1,350,000.
More about this property
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