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122 Central Ave 4,210 SF 100% Leased Retail Building Clark, NJ 07066 $2,250,000 ($534.44/SF) 6.44% Cap Rate
Investment Highlights
- GORGEOUS BRICK COMMERCIAL BUILDING
- Makes Sense for Investors ANBD Owner-Users!!!
- PRIME GRADE A CONDITION AND LOCATION
Executive Summary
122 CENTRAL AVENUE IS A BEAUTIFUL ,FREESTANDING, BRICK RETAIL BUILDING WITH EXCELLENT PARKING IN THE MIDDLE OF THE AREAS MOST VISIBLE AND BUSIEST CORRIDOR. APPROXIMATELY 4,500 SQUARE FEET COMPRISED OF TWO SEPARATE UNITS WITH A FULL BASEMENT. CURRENT LEASES ARE NOT LONG TERM.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,210 SF
Building Class
C
Year Built
1972
Price
$2,250,000
Price Per SF
$534.44
Cap Rate
6.44%
NOI
$144,994
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.33 AC
Zoning
LCI - ZONING IS 4A. Allows for Retail/Medical/Personal & Professional Services/Office/CPA/Legal
Frontage
53’ on Central Avenue
Amenities
- Air Conditioning
- Smoke Detector
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-00071-0000-00004-01 | Improvements Assessment | $956,000 |
| Land Assessment | $167,500 | Total Assessment | $1,123,500 |
Property Taxes
Parcel Number
02-00071-0000-00004-01
Land Assessment
$167,500
Improvements Assessment
$956,000
Total Assessment
$1,123,500
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122 Central Ave
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