Multi-Suite Office
29 SOUTH AVE WEST Unit N/A Cranford, NJ 07016
29 SOUTH AVE WEST Unit N/A, Cranford, NJ, 07016
$649,900
For Sale
$649,900
Three-story office building with basement storage, private driveway, and dedicated parking lot on a large lot.
Property Size3,100 SF
Price / SF$209.65
Days on Market169
Property Features for 29 SOUTH AVE WEST Unit N/A
General Information
- Standard status
- Active
- Size
- 3,100 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1890
Listing agency
COLDWELL BANKER REALTY
(908) 233-5555
Listed by
THOMAS JAMES BIANCO
Source
Xome
Added: Feb 4 Updated: Jul 22 at 6:29PM Checked: Jul 22 at 6:29PM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This three-story building is currently configured as a multi-suite office property and includes a full basement for additional storage or utility space. The layout also provides convenient front and rear entrances, supporting flexible access for occupants and visitors. A private driveway and dedicated parking lot are in place to serve on-site parking needs.
The property is situated on a large lot and is located just three blocks from downtown Cranford and the NJ Transit train station. A bus stop is even closer, supporting convenient commuting options.
With its current office configuration and the noted potential for residential conversion or mixed-use applications, the building offers options for tenants and buyers looking for versatility. The large lot also allows room for expansion or redevelopment, subject to applicable approvals.
The property is situated on a large lot and is located just three blocks from downtown Cranford and the NJ Transit train station. A bus stop is even closer, supporting convenient commuting options.
With its current office configuration and the noted potential for residential conversion or mixed-use applications, the building offers options for tenants and buyers looking for versatility. The large lot also allows room for expansion or redevelopment, subject to applicable approvals.
Key Highlights
- Three‑story mixed‑use building currently configured as multi‑suite office, with potential for residential conversion or mixed‑use applications
- Includes a full basement for additional storage and utility space
- Central air cooling and heating system (heating: 3)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.0k | $30.00 |
| − Vacancy | −$29.8k | −$9.60 |
| EGI | $63.2k | $20.40 |
| − OpEx | −$15.8k | −$5.10 |
| NOI | $47.4k | $15.30 |
3,100 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$677.6K
$592.9K – $790.5K
NOI $47,430 @ 7.0% cap · market cap 7.30%
Second Best
Mixed Use
$584.6K
$511.5K – $682.0K
NOI $40,920 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$809.5K
$708.3K – $944.4K
NOI $56,663 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Three-story office building with basement storage, private driveway, and dedicated parking lot on a large lot.
Where is this office units located?
The property is located at 29 SOUTH AVE WEST Unit N/A Cranford, NJ.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Three‑story mixed‑use building currently configured as multi‑suite office, with potential for residential conversion or mixed‑use applications; Includes a full basement for additional storage and utility space; Central air cooling and heating system (heating: 3)
