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    OFF-MARKET
    Commercial real estate

    North Ave, Cranford, NJ 07016

    0.04 ac lot Built 1912
    Property ID
    Property summary
    AI-generated overview

    This exceptional mixed-use property presents a unique investment opportunity in the desirable town of Cranford, New Jersey. Situated directly across from the Cranford Train Station and nestled amongst thriving restaurants and retail establishments, this historically designated building offers unparalleled convenience and visibility. The first floor currently features retail space, previously occupied by a barber shop and soon to house a bubble tea shop, ensuring immediate income generation. Above the retail space are two generously sized apartments, providing additional rental income streams. A finished basement, accessible both internally and via a separate entrance, offers versatile potential as office space or storage, further enhancing the property's functionality and value. The 0.04-acre lot provides ample space for the building and its operations. The property's prime location, combined with its diverse income-generating components and the potential for further development or expansion of the basement space, makes this an attractive investment for discerning buyers seeking a strong return on investment in a highly sought-after New Jersey community. The building's historical designation adds a unique character and potential for future appreciation. This is a rare opportunity to acquire a well-positioned, income-producing property in a vibrant and growing town. The asking price is $1,350,000.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1912
    Lot 0.04 ac (1,742 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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