242 Grand Ave Leonia, NJ 07605
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
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.