Entity Owned Property summary
This exceptional Clifton, NJ commercial property offers approximately 3,700 square feet of versatile space, perfect for a variety of businesses. Situated on a 0.1-acre lot at 22 Franklin Avenue, the property boasts a convenient loading dock, streamlining logistics and enhancing operational efficiency. High ceilings contribute to a spacious and open feel, maximizing flexibility for various layouts and uses. A dedicated, separate office space provides a professional environment for administrative tasks and client interactions. Ample on-site parking is available, ensuring convenient access for employees and customers. The strategic Clifton location offers excellent visibility and accessibility, making this property an ideal choice for businesses seeking a functional and well-situated space. The asking price is $950,000. This property presents a unique opportunity to establish or expand a commercial enterprise in a thriving area. The combination of size, features, and location makes this a highly desirable commercial offering.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
M-2 Zones. [Amended 5-3-1983 by Ord. No. 4805-93 ; 4-18-1995 by Ord. No. 5731-95 ] Conditional uses permitted in the M-2 Zones shall be as follows: Gasoline filling stations as permitted in the B-D Zones and subject to t…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
M-2 · Clifton, NJM-2 Zones. [Amended 5-3-1983 by Ord. No. 4805-93 ; 4-18-1995 by Ord. No. 5731-95 ] Conditional uses permitted in the M-2 Zones shall be as follows: Gasoline filling stations as permitted in the B-D Zones and subject to t…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
M-2 Zones. [Amended 5-3-1983 by Ord. No. 4805-93 ; 4-18-1995 by Ord. No. 5731-95 ] Conditional uses permitted in the M-2 Zones shall be as follows: Gasoline filling stations as permitted in the B-D Zones and subject to t…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M-2 in Clifton, NJ.
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