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In-PersonVirtual Tour
$ 4,259,000
Est. payment | /mo
4,050 SqFt
$ 4,259,000
Est. payment | /mo
4,050 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,050 sqft
Price per Sqft $1,051
MLS Listing ID 3989060
Annual Tax Amount $47,595
Tax Year 2024
Lot Size 0.470 Acres
Property 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 %
Location
State NJ
County Union
Zoning COMMERCIAL
Interior
Heating Gas-Natural
Cooling See Remarks
Flooring Carpeting, Laminate, See Remarks
Equipment Fire Alarm, See Remarks, Sign - Freestanding
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Story 1
Sewer Public Sewer, See Remarks
Water Public Water
Others
Ownership Fee Simple
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Listed by BHHS FOX & ROACH
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