Log In/Sign Up
Your email has been sent.
31 S Finley Ave 5,750 SF 100% Leased Office Building Basking Ridge, NJ 07920 $2,499,000 ($434.61/SF) 7.02% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare Opportunity for Investors in the Center of Basking Ridge - Prime Location on .25 Acres
- Two Buildings on one Lot - 31 South Finley Ave, 32 Brownlee Place (Across from Post Office ) Large Parking Lot plus Free Street Parking
- Mixed Use Buildings with Seven Tenants - Fully Occupied
EXECUTIVE SUMMARY
Rare Opportunity for Investors in the center of Basking Ridge. Two (2) Separate Buildings on one Lot. Huge Parking Lot with Expansion Potential! 31 South Finley and 32 Brownlee Place. Total of 7 units of Mixed Use Rentals (Medical/Retail/Office/Apartment). Tenants include Doctor, Deli, Plumbing, Apartment & Spa. Excellent Location right in the center of Basking Ridge (walkable center of town). Flat Lot. Recently updated. Approx. 5,750 Square Feet. Easy Access to 287, 202, 78 and train/bus stations.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Property Subtype
Building Size
5,750 SF
Building Class
C
Year Built/Renovated
1860/2020
Price
$2,499,000
Price Per SF
$434.61
Cap Rate
7.02%
NOI
$175,320
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,875 SF
Building FAR
0.53
Lot Size
0.25 AC
Zoning
B1- R7 Residential/Comm. - B-1 Zoning - Commercial and Residential.
Expansion Opportunities!
Great Investment and/or Owner Occupied
Rent Increases
Parking
14 Spaces (2.43 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bio-Tech/ Lab Space
- Fenced Lot
- Food Service
- Signage
- Wheelchair Accessible
- Storage Space
- Outdoor Seating
- Air Conditioning
1 1
PROPERTY TAXES
| Parcel Number | 02-01801-0000-00004 | Improvements Assessment | $536,200 |
| Land Assessment | $456,400 | Total Assessment | $992,600 |
PROPERTY TAXES
Parcel Number
02-01801-0000-00004
Land Assessment
$456,400
Improvements Assessment
$536,200
Total Assessment
$992,600
1 of 22
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
NextHome Premier
31 S Finley Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.