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Downtown Cranford Strip For Sale

8 Eastman St, Cranford, NJ

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For Sale

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Fully occupied 8,734 SF strip mall in downtown Cranford.

Type:RETAIL

Property size:

8,734 SF

Lot size:

0.22 Acres

Price / SF:

$314/SF

HighLights

A+ Downtown Location: Just a 1‑minute walk to NJ Transit, at a signalized intersection with high visibility (15,600 VPD).
100% Occupied Strip Center in Cranford, Union County, New Jersey.
Strong Demographics: Over 431,000 people within 5 miles, with an average household income exceeding $167,000 within 1 mile.
Stable Tenant Base: Features 3 pre‑Covid tenants with zero payment issues.
Tenants Reimburse for Taxes and Insurance Expenses (Modified Gross Leases).
Tenants Responsible for Individual Expenses and HVAC Unit Repairs.

We can help!

Listing Contact

Alan Cafiero

For Sale

Contact for pricing

Fully occupied 8,734 SF strip mall in downtown Cranford.

Type:RETAIL

Property size:

8,734 SF

Lot size:

0.22 Acres

Price / SF:

$314/SF

Added:: Dec 20, 2024
Days on Market:: 541
Last Refresh:: May 20 at 8:46 pm

Property Features for 8 Eastman St

General Information

Standard status: Active
Size: 8,734 SF
Lot size: 0.22 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Alan Cafiero

Listing agent Alan Cafiero License #(S):NJ:0791092

Listing office Marcus & Millichap | New Jersey

Listing date Dec 20, 2024

Source Moodyscre

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 Marcus & Millichap | New Jersey

HighLights

A+ Downtown Location: Just a 1‑minute walk to NJ Transit, at a signalized intersection with high visibility (15,600 VPD).
100% Occupied Strip Center in Cranford, Union County, New Jersey.
Strong Demographics: Over 431,000 people within 5 miles, with an average household income exceeding $167,000 within 1 mile.
Stable Tenant Base: Features 3 pre‑Covid tenants with zero payment issues.
Tenants Reimburse for Taxes and Insurance Expenses (Modified Gross Leases).
Tenants Responsible for Individual Expenses and HVAC Unit Repairs.

Overview

This is a fully occupied, approximately 8,734 square foot strip mall located in downtown Cranford, Union County, New Jersey. The property benefits from an A+ downtown location, situated a one-minute walk from NJ Transit at the signalized intersection of Eastman Street and North Avenue West, with over 15,600 vehicles passing per day. Constructed with block, the property is currently occupied by three tenants who were in place before the pandemic and have had zero payment issues. They operate on modified gross leases, reimbursing for taxes and insurance expenses, and are responsible for individual expenses and HVAC unit repairs. Downtown Cranford is known for its restaurants and specialty shops and has experienced tremendous growth in recent years. The location benefits from strong demographics, with over 431,000 people within a five-mile radius and an average household income exceeding $167,000 within one mile.

Property Profile Location Intelligence

Current Use by Public Records

Cake Artist Cafe Restaurant Home Power Yoga Gym & Fitness Center King Strength and Performance Gym & Fitness Center

Suggested Use

Location Insight

Map
Local Demand

City: Cranford
County: Union
State: New Jersey
Longitude: -74.3055
Latitude: 40.6559

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For sale
Strip malls
NJ
Cranford
8 Eastman St

What type of property is this?

Strip mall - Fully occupied 8,734 SF strip mall in downtown Cranford.

Where is this strip mall located?

The property is located at 8 Eastman St Cranford, NJ.

What is the asking price?

The asking price for this property is $2,750,000.

What are key features of this property?

This property features: A+ Downtown Location: Just a 1‑minute walk to NJ Transit, at a signalized intersection with high visibility (15,600 VPD).; 100% Occupied Strip Center in Cranford, Union County, New Jersey.; Strong Demographics: Over 431,000 people within 5 miles, with an average household income exceeding $167,000 within 1 mile.

8 Eastman St, Cranford, NJ

Fully occupied 8,734 SF strip mall in downtown Cranford.

Property Features for 8 Eastman St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Medical Office and Mixed-Use Building

Bank Building with Double Drive-Through

Cranford Twp. Multi-Family Duplex

Spacious Two-Family Home Near NYC

Medical Office Space For Sale

Bank of America Ground Lease

Mixed-Use Investment Property For Sale

Medical Office with Exam Rooms

Two-Family Residential Income Property

Turnkey Multifamily Home in Cranford

Prime Cranford Office Building

Spacious Two-Family Home For Sale

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