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101 South Ave #101Cranford Twp., NJ 07016

Commercial · 4,050 Sq. ft. | 0.47 Acres
$3,990,000 Active

101 South Ave #101 Overview

Time on Site:
277 days
Visits:
37

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 %

Listing provided courtesy of BHHS FOX & ROACH- MLS# 3989060MLS ProviderContact Information: 908-938-6405
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101 South Ave #101 Facts & Features

  • Type Commercial
  • Sq. ft. 4,050
  • Price/Sq.ft. $985
  • Lot 0.47 Acres

Details

General

Income/Expenses

  • Expenses Include: See Remarks
  • Net Operating Income: 319440

Listing Information

  • For Sale Or Lease: For Sale

Building Information

  • Year Built: 9999

Location/Region

  • County Or Parish: Union
  • Location: Business District, See Remarks

Rent/Lease Information

  • Lease Includes: See Remarks
  • Lease Information: See Remarks
  • Lease Type: Net
  • Tenant Pays: See Remarks

Tax Information

  • City Tax: *
  • County Tax: *
  • Tax Amount Tax: *
  • Tax Annual Amount: $47,595.00
  • Tax Assessed Value: *
  • Tax Rate Amount: 6.779
  • Tax Rate Year: 2024
  • Tax Year: 2024
  • Tax Year Tax: *

General Information

  • Inclusions: See Remarks
  • Property Sub Type: See Remarks
  • Property Type: Commercial
  • Zoning: COMMERCIAL

Interior

Building Information

  • Available Sq Ft: 4050
  • Equipment Available: Fire Alarm, See Remarks, Sign - Freestanding
  • Max Ceiling Height: 11
  • Max Door Height: 7
  • Office Sq Ft: 0

Beds/Baths

  • Bathrooms Total: 2

Building Interior

  • Building Area Total: 4050

General Information

  • Basement: No
  • Cooling: See Remarks
  • Flooring: Carpeting, Laminate, See Remarks
  • Heating: See Remarks
  • Stories: 1

Unit Information

  • Unit Number: 101

Exterior

Building Information

  • Number of Bays: 0
  • Number of Docks: 0

Parking Information

  • Parking Features: Lighting, Parking Lot-Exclusive, See Remarks

Lot Information

  • Approximate Lot Size: 20446 SF
  • Lot Features: Level Lot
  • Lot Size Acres: 0.47
  • Water Source: Public Water

Building Exterior/Construction

  • Construction Materials: Brick/Block
  • Exterior Description: Brick/Block
  • Roof: Asphalt Shingle

General Information

  • Number Of Units Total: 1
  • Sewer: Public Sewer, See Remarks
  • Utilities: Electric, Gas-Natural

101 South Ave #101 Neighborhood

Community

07016 (CRANFORD) Demographics

43
Median Age
4,944
Population Density (per sq. mile)
64%
College Educated
$132,539
Estimated Median Income
7,203
Estimated Total Home Owners
1,876
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

101 South Ave #101 Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

101 South Ave #101 Market Data

Based on the last 30 days in this zip code

$859,000
Average List Price
0
Properties Sold
43
Average Days on Market
2
Properties for Sale
Calculations provided by Reliance Network

101 South Ave #101 History

Date Event Value Agent
10/27/2025Source: Garden State MLS Price Reduction
$3,990,000 -6.3%
Timothy Deluccia
Listing Agent
9/25/2025Source: Garden State MLS Added to Database
September 25, 2025
Timothy Deluccia
Listing Agent