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    331 Centennial Ave, Unit | Cranford Cranford, NJ 07016

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    For Sale
    $1,575,000

    99% occupied mixed-use property near downtown and train station.

    Property size:
    15,750 SF

    Property Features for 331 Centennial Ave

    General Information

    Size
    15,750 SF

    Building Details

    Year built
    1910
    Source: Tcnworldwide

    Listing Agent: Brian Murphy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Investment Property For Sale

    This 99% occupied investment property is comprised of storage, warehouse, office, and residential spaces. The property is located within walking distance of downtown and in close proximity to Garden State Park and the Cranford train station. Offered for sale by the original builder/owner, the property features 12 storage tenants, 4 warehouse tenants, 2 office tenants, and 2 residential tenants. There are 20 parking spaces available. One drive-in door measures 8 feet wide by 11 feet high. The property is priced at $15.75 per square foot and has a net operating income exceeding $110,000. Real estate taxes are $44,144.85 (2025).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cloud9 Fabrics Fabric Wholesaler JK Rose Photo ... Wedding Photographer Revamp Wraps Print Shop Keenan Associate Inc Commercial Printer POSH DJs Dj Service

    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
    -74.2946071
    Latitude
    40.6493459

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      Mixed-Use Investment Property For Sale

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    FAQs

    What type of property is this?
    Mixed-use property - 99% occupied mixed-use property near downtown and train station.
    Where is this mixed-use property located?
    The property is located at 331 Centennial Ave, Unit | Cranford Cranford, NJ.
    What is the asking price?
    The asking price for this property is $1,575,000.
    What are key features of this property?
    This property features: - Strong NOI of +$110,000.; - Priced below market value at $15.75 SF.; - 99% occupied investment property with diverse tenant mix (storage, warehouse, office, residential).
    (732) 539-3098
    Request Owner's contact information
    331 Centennial Ave, Unit | Cranford Cranford, NJ 07016
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    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
    331 Centennial Ave, Unit | Cranford Cranford, NJ 07016
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