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Property profile & analytics
OFF-MARKET
Office Spaces

511 Ave Cranford, NJ 07016

11,500 SF 0.57 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Total area 11,500 SF
Lot 0.57 ac (24,829 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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