101 South Ave
Cranford, NJ, 07016 $ 3,990,000
Bedrooms-- Baths-- Sq 4,050 for $3,990,000 with 2 half baths. This 4,050 square foot property was built on a lot size of 0.47.
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 %
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FeaturesGeneralSewer Public Sewer See Remarks
Construction Brick/Block
Heating See Remarks
Cooling See Remarks
Utilities Electric Gas-Natural
Possession BY AGREEMENT
Roof Asphalt Shingle
Zoning COMMERCIAL
Year Built 9999
Tenant Pays See Remarks
Township Cranford Twp.
Property Type See Remarks See Remarks
Tax Year 2024
Ownership Fee Simple
Location Business District See Remarks
Lease Information See Remarks
County Union
Net Operating Income 319440
Status Active
Directions 101-103 SOUTH AVE WEST AT CORNER OF LINCOLN AVE WEST
Number Of Units Total 1
Tax Annual Amount 47595
Drive Lighting Parking Lot-Exclusive See Remarks
Leasable Area 0
Lease Type Net
Standard Status Active
Tax Assessed Value 671400
Town # 2903
Tax Lot 1
Cap Rate 7.50
Farm Assessment No
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InteriorFlooring Carpeting Laminate See Remarks
Fuel Type Gas-Natural
Total Stories 1
Half Baths 2
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ExteriorLot Features Level Lot
Water Source Public Water
Exterior Description Brick/Block
Building Area Total 4050
Lot Dimensions 20446 SF
Lot Size Acres 0.47
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* Excluded FeaturesList ByTIM DELUCCIAListing Agent
tim@delucciacommercialgroup.comEmail
NearbyAbout Cranford, NJ 23,892 Population
6% Since 2002
$ 118,486 Median Income
44.42 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/27/2025 | $3,990,000 | -6.32% | Price Down |
| 9/25/2025 | $4,259,000 | | Listed Price |