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    66 Finley Ave Bernards, NJ 07920

    Sponsored
    For Sale
    $1,065,000

    Prime downtown location, 3-tenant office building.

    Property size:
    1,953 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 66 South Finley Avenue in the heart of downtown Basking Ridge, New Jersey, presents a rare investment opportunity. The 1,953 square foot building boasts three long-term tenants: Edward Jones Investments, Wabba Travel, and Country Tailor, ensuring 100% occupancy. With a remaining lease term of 3.6 years (expiring June 30, 2028), this property offers immediate cash flow and significant long-term potential. The building features a modified net lease structure, with two leases including gross plus taxes over base year and one net-net-plus lease with taxes over base year. The asking price is $1,065,000, representing a compelling $545.31 per square foot and a 5.74% cap rate based on a current NOI of $61,081. Situated on a prime corner lot, the building benefits from ample free municipal parking and excellent street parking. Renovated in 2014 with Hardi-plank siding and a new roof, this well-maintained three-story building requires no deferred maintenance. The property is zoned B1 commercial and enjoys prominent signage opportunities. This is a cornerstone property in downtown Basking Ridge, offering a stable investment with a history of consistent occupancy and strong tenant relationships. Showings are by appointment only. Please do not approach tenants.

    Property Features for 66 Finley Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,953 SF

    Building Details

    Year Renovated
    2014
    Buildings
    1
    Stories
    3
    Units
    3

    HighLights

    • Long‑term lease agreements in place.
    • Ample free parking available on‑site.
    • High‑visibility corner location.
    • Excellent occupancy history.
    • Prominent building signage.
    • Landmark building with strong community recognition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wabba Travel Cruise Agency Edward Jones - Financial ... Financial Consultant Edward Jones - Financial ... Financial Consultant

    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
    Bernards
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.548931611696
    Latitude
    40.705137895045

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    FAQs

    What type of property is this?
    Mixed-use property - Prime downtown location, 3-tenant office building.
    Where is this mixed-use property located?
    The property is located at 66 Finley Ave Bernards, NJ.
    What is the asking price?
    The asking price for this property is $1,065,000.
    What are key features of this property?
    This property features: Long-term lease agreements in place.; Ample free parking available on-site.; High-visibility corner location.
    Request Owner's contact information
    66 Finley Ave Bernards, NJ 07920
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    Bernards, NJ 07920
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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
    66 Finley Ave Bernards, NJ 07920
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