242 Grand AveLeonia, NJ 07605

Property Details for 242 Grand Ave

Year built

1950

Construction

FRAME

Lot size

0.45 AC

Property type

Other commercial real estate

APN

29 01215-0000-00003

APU

2901215000000003

Description

This exceptional commercial property, located at 242 Grand Avenue in Leonia, New Jersey, presents a compelling investment opportunity. The building is classified as an office property and is offered at an asking price of $22 million. While the precise square footage isn't currently specified, the property's location on Grand Avenue offers excellent visibility and accessibility. The address suggests a prominent position within the Leonia business district, potentially benefiting from high foot traffic and convenient access to major transportation routes. The absence of acreage information indicates the property is likely a building situated on a relatively small lot, typical for commercial properties in established urban areas like Leonia. This makes it ideal for a variety of office uses, from small professional practices to larger corporate offices. Further due diligence is recommended to ascertain the precise square footage, zoning regulations, and potential for expansion or redevelopment. Given the asking price and the prime location in Leonia, NJ, this property represents a significant investment opportunity for discerning buyers seeking a foothold in a thriving market. Interested parties are encouraged to conduct thorough inspections and research to fully assess the property's potential and suitability for their specific needs. The absence of detailed information underscores the need for a comprehensive due diligence process before making an offer. This property's strategic location and potential for return on investment make it a noteworthy addition to any commercial real estate portfolio.

• Alternative Use

  Use

  Valuation

  Residential

  $3,744,853

  Hospitality

  $3,430,265

  Educational

  $2,853,940

  Medical

  $2,952,092

  Retail

  $4,439,462

Location Insight

City

Leonia

County

Bergen

State

New Jersey

Latitude

40.8613

Longitude

-73.9953

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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