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See Remarks For Sale
101 South Ave, Cranford Twp., Union 07016
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: 8.00 %
- Property Type:
- See Remarks
- Listing Type:
- For Sale
- Listing ID:
- 3989060
- Price:
- $3,990,000
- Year Built:
- 9999
- Lot Area:
- 0.47 Acre
- Status:
- Active
- Office Name:
- BHHS FOX & ROACH
- Agent Name:
- TIM DELUCCIA
- Roof:
- Asphalt Shingle
- Heating System:
- See Remarks
- Cooling System:
- See Remarks
- Flooring:
- Laminate, See Remarks, Carpeting
- Sewer:
- Public Sewer, See Remarks
- Utilities:
- Electric, Gas-Natural
- Country:
- US
- State:
- Union
- County:
- Union
- City:
- Cranford Twp.
- Zipcode:
- 07016
- Street:
- South Ave
- Street Number:
- 101
- Longitude:
- W75° 41' 44.4''
- Latitude:
- N40° 39' 16.4''
- Directions:
- 101-103 SOUTH AVE WEST AT CORNER OF LINCOLN AVE WEST
- Zoning:
- COMMERCIAL
- Lot Size Dimensions:
- 20446 SF
- Water Source:
- Public Water
- Stories Total:
- 1
- Number Of Units Total:
- 1
- Lot Features:
- Level Lot
- Building Size:
- 4050
- Tax Annual Amount:
- 47595
- List Agent Mls Id:
- 210255
- List Office Mls Id:
- 000336
- Mls Status:
- Active
- Modification Timestamp:
- 2025-10-27T12:42:40Z
- Originating System Name:
- gsmls
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