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101 South Ave,Cranford Twp., NJ 07016 | Wright Home Realty

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+01-123-4567

Listing Details

101 South Ave,Cranford Twp., NJ 07016

  • October 9, 2025

Description

UNBELIEVABLE: BANK OF AMERICA LONG TERM GROUND LEASE, 4,050 SF BANK BUILDING WITH DOUBLE DRIVE THROUGH LANES, HARD CORNER SIGNALIZED INTERSECTION IN AFFLUENT CRANFORD TOWNSHIP, UNION COUNTY LOCATION, 30K VEHICLES PER DAY, LESS THAN 1/2 MILE FROM CRANFORD NJ TRANSIT STATION, FOUR (4) FIVE (5) YEAR RENEWAL OPTIONS WITH 20% RENT INCREASES EACH OPTION, BANK OF AMERICA (NYSE:BAC) HAS A STANDARD & POOR’S CREDIT RATING OF A-/STABLE, $67M+ DEPOSITS AT THIS LOCATION, EXCELLENT DEMOGRAPHICS WITH OVER 461K PEOPLE WITHIN 5 MILES AND AN AVERAGE HOUSEHOLD INCOME OVER$167K, EASY ACCESS TO MANY LOCAL HIGHWAYS INCLUDING 1 – 95, GARDEN STATE PARKWAY, ROUTE 22, 28, 9 AND I-78, MANY NATIONAL RETAILERS INCLUDING DUNKIN DONUTS, HOME DEPOT, SHOPRITE, McDONALDS, QUICK CHECK, WAWA AND WENDY’S, NOI: $319,440 CAP RATE: 7.50 %

Details

Last Updated On: October 9th, 2025 at 6:42 am
Property ID:PT-1622598-AXZR
Offer Type:For Sale
Property Type:See Remarks
Price: 3,990,000 $
Year Built:9999

Additional Details

Listing Details

Status: Active

Location

County: Union
Lotsize: 20446 SF
Lot Description: Level Lot
Available: Immediately
Lot Identifier: 1

Home Details

Location: Business District
Acreage: 0.47
Construction: Brick/Block
Exterior Description: Brick/Block
Roof Description: Asphalt Shingle
Number of Stories: 1
Number of Units: 1
Number of Lavatories: 2
Max Ceiling Height: 11
Max Door Height: 7
Floors: Carpeting, Laminate
Available SqFt: 4050
Building SqFt: 4050
Parking Desc: Lighting, Parking Lot-Exclusive
Easement/Desc: Unknown
Block Identifier: 402
County Number: 29
Town Number: 2903
Possession: BY AGREEMENT

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Lease Type: Net
Ownership: Fee Simple
Tax ID For Property: 2903-00402-0000-00001-0000-
Tax Amount: $47,595.00
Tax Year: 2024
Tax Rate: 6.779%
Tax Rate Year: 2024
Farm Assessment: No
Land Assessment: $271,900.00
Building Assessment: $399,500.00
Total Assessment: $671,400.00

Utilities

Equipment Available: Fire Alarm, Sign - Freestanding
Heat Source: Gas-Natural
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas-Natural

Other

Permitted Use: COMMERCIAL
Zoning: COMMERCIAL
Prior Use: BANK

Statistics

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3,990,000 $

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