You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $1,670,000
Commercial real estate

242 Grand Ave Leonia, NJ 07605

0.45 ac lot Built 1950
Entity Owned 5-yr Hold Free & Clear
Property ID
US59-1370218
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Construction FRAME
Lot 0.45 ac (19,789 SF)
APN 29 01215-0000-00003
UPID US59-1370218
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
AI Approach AI
$1.84M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.67M
Owner & transaction history
Shin Ahn LLC · 5 yrs held
Shin Ahn LLC
since 2021
Last sale
$1.5M
1 recorded transaction
2021
$1.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 242 Grand Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message