NJ > Cranford Twp.
Cranford Twp., NJ 07016,101 South Ave
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Cranford Twp., NJ 07016,101 South Ave
Cranford Twp., NJ 07016,101 South Ave
Cranford Twp., NJ 07016,101 South Ave
Cranford Twp., NJ 07016,101 South Ave
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Patric Santo Pietro

Patric Santo Pietro

+1(732) 570-5442
$ 4,259,000
Est. payment /mo
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Active

101 South Ave Cranford Twp., NJ 07016

4,050 SqFt

UPDATED:

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

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by BHHS FOX & ROACH
Patric Santo Pietro

Patric Santo Pietro

Agent | License ID: 1007170

+1(732) 570-5442

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101 South Ave

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