North Ave Cranford, NJ 07016

Property Details for North Ave

Year built

1912

Lot size

0.04 lot acres

Property type

Commercial real estate

Description

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.