342 Un Ave Rutherford, NJ 07070-1518
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.
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Norberto Maldonado Consultant Service Establishment
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Crown Home Mortgage of Rutherford Loan Service Bank
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Jeff Cheng, Senior Loan Officer at Crown Home Mortgage Loan Service Bank
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STREAMology: STEM Learning Center & Youth Camp Training Center Tutoring Service
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.