66 Finley Ave Bernards, NJ 07920

Property Details for 66 Finley Ave

Year built

1920

Property size

1,830 SF

Zone code

B1

Property type

Commercial real estate

APN

02 01603-0000-00008- 01

APU

20160300000000801

Description

This exceptional mixed-use property, located at 66 South Finley Avenue in the heart of downtown Basking Ridge, New Jersey, presents a rare investment opportunity. The 1,953 square foot building boasts three long-term tenants: Edward Jones Investments, Wabba Travel, and Country Tailor, ensuring 100% occupancy. With a remaining lease term of 3.6 years (expiring June 30, 2028), this property offers immediate cash flow and significant long-term potential. The building features a modified net lease structure, with two leases including gross plus taxes over base year and one net-net-plus lease with taxes over base year. The asking price is $1,065,000, representing a compelling $545.31 per square foot and a 5.74% cap rate based on a current NOI of $61,081. Situated on a prime corner lot, the building benefits from ample free municipal parking and excellent street parking. Renovated in 2014 with Hardi-plank siding and a new roof, this well-maintained three-story building requires no deferred maintenance. The property is zoned B1 commercial and enjoys prominent signage opportunities. This is a cornerstone property in downtown Basking Ridge, offering a stable investment with a history of consistent occupancy and strong tenant relationships. Showings are by appointment only. Please do not approach tenants.

Location Insight

City

Basking Ridge

County

Somerset

State

New Jersey

Longitude

-74.5487

Latitude

40.7051

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments