242 Grand Ave, Leonia, NJ 07605
- Commercial real estate
- 0.45 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 242 Grand Ave
- Year built
- 1950
- Construction
- FRAME
- Lot size
- 0.45 lot acres
- Property type
- Commercial real estate
- APN
- 29 01215-0000-00003
- APU
- 2901215000000003
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 22, 2021 | $1,511,400 | Shin Ahn LLC | 240 Grand Avenue Associates LLC | Deed | — |
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,820,000
- ML approach
- $1,835,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Leonia
- County
- Bergen
- State
- New Jersey
- Longitude
- -73.9953
- Latitude
- 40.8613
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
