511 Ave Cranford, NJ 07016
This exceptional two-story, 11,500-square-foot executive office building is ideally situated in the heart of downtown Cranford, New Jersey. Currently vacant, this turn-key property offers modern, high-end office space perfect for a corporate headquarters or discerning tenant. The building boasts ample conference rooms, executive offices, breakout areas, and flexible workspace, designed to accommodate a variety of business needs. Located on a 0.57-acre lot, the property includes substantial parking, enhanced by a parking easement with an adjacent lot. Its prime location offers easy access to Cranford's town center, train station, and the Garden State Parkway, making it highly convenient for employees and clients. Zoned D-B (Downtown Business), this property presents a compelling value-add opportunity for investors or owner-users seeking a prestigious and functional office space in a thriving, affluent community. The building previously served as corporate headquarters, showcasing its suitability for a similar high-profile tenant. Cranford's vibrant atmosphere and strong multifamily development activity further enhance the property's long-term investment potential. This is a rare opportunity to acquire a meticulously maintained, move-in ready office building in a highly desirable location. The property's modern amenities and convenient location combine to create an unparalleled workspace.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.