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Property profile & analytics
OFF-MARKET
Commercial real estate

342 Un Ave Rutherford, NJ 07070-1518

1,168 SF 0.06 ac lot Built 1938
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US59-0647761
Property summary
AI-generated overview

This 1,168 square foot vacant storefront at 342 Union Ave, Rutherford, NJ 07070, presents a remarkable investment opportunity. Located in a bustling downtown area, this single-story, 1938-built property sits on a 2,500 square foot lot and is zoned B-1. The asking price is $399,000 ($341.61/sq ft). Features include a well-maintained main floor with a rear yard entrance and a fenced backyard. A generous basement provides ample storage, enhanced by a recently installed (2024) hot water heater and sump pump. The property's convenient location along the NJ Transit Bus Line and near Bergen and Port Jervis commuter rail lines ensures high visibility and accessibility. While currently vacant, this versatile space is ideal for various uses, including retail, professional offices, or other service-oriented businesses. Potential for expansion and additional uses may exist with a variance (buyer to perform due diligence). Benefit from the consistent foot traffic and strong neighboring businesses. This property is being sold as-is. Explore the numerous possibilities this prime Rutherford location offers. A floor plan and 3D tour are available online.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1938
Construction BRICK
Total area 1,168 SF
Lot 0.06 ac (2,500 SF)
APN 56 00097-0000-00007
UPID US59-0647761
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
Current use
Occupant on record · Public records
  • Norberto Maldonado Consultant Service Establishment
  • Crown Home Mortgage of Rutherford Loan Service Bank
  • Jeff Cheng, Senior Loan Officer at Crown Home Mortgage Loan Service Bank
  • STREAMology: STEM Learning Center & Youth Camp Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Llg Realty LLC · 1 yrs held
Llg Realty LLC
since 2024
Last sale
$385,000
4 recorded transactions
2024
$385,000
2020
Price N/A
2017
$240,000
2008
$175,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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