Building Details

Year Built 1960

Stories 4

Units 9

Listing Agency: NEXTHOME PREMIER m***@att.net Show Phone

Listed By: MARYALICE M. RAUSHI · License #7857167,PersonLicenseNumber

Source: Elliman

Added: May 18 Changed: Aug 26 Last Checked: Aug 31 at 4:43PM

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Investment Insights

Based on property information with market context.

This mixed-use property presents a rare opportunity for investors and is situated in the center of Basking Ridge on 0.25 acres. The property includes two buildings located at 31 South Finley and 32 Brownlee Place. It features a large parking lot with 14 spots, supplemented by on-street parking. The buildings are fully occupied by seven tenants and offer a 7% cap rate. The location has a bike score of 27, indicating it is somewhat bikeable, and a walk score of 22, suggesting car dependence.

Key Highlights

• Fully Occupied with 7% Cap Rate
• Two Buildings on One Lot
• Prime Location in the Center of Basking Ridge

Property Analytics

Property Profile

Current Use

Ehrhardt Center for Integrative ... Alternative Medicine Practice Good Tidings Plumbing ... Plumbing Service The Ehrhardt Center for Integrative ... Alternative Medicine Practice Kamini Patel Alternative Medicine Practice Basking In Nutrition Specialty Food Shop

Suggested Use

Top Pick Auto Repair Shop Hair Salon Parking Lot & Garage Restaurant Spa & Massage Center Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

418

Businesses Nearby

Explore this area Business Placement

Demographics for 07920, NJ

27,912

Population

10,943

Households

2.6

Avg Household Size

45

Median Age

74%

College-Educated

97%

High-School Grad

27.2 sq mi

ZIP Area

1,026

Density / Sq Mi

$184,630

Median Household Income

$101,310

Median Earnings

$2,330

Median Rent

$769,300

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed-use property with seven tenants and a large parking lot.

Where is this mixed-use property located?

The property is located at 31 S Finley Ave Basking Ridge, NJ.

What is the asking price?

The asking price for this property is $2,450,000.

What are key features of this property?

This property features: Fully Occupied with **7% Cap Rate**; Two Buildings on One Lot; Prime Location in the Center of Basking Ridge