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414 Centre St
Nutley, NJ 07110
414 Centre St · Office Property For Sale
Investment Highlights
- Charming Victorian Design: Built in 2006, this 4-unit office building features a classic Victorian style with colonial detailed molding and hardwood o
- Ample Amenities: Includes a full eat-in kitchen in the basement with abundant storage, and an additional luncheon room in the second-floor unit.
- Parking & Accessibility: A dedicated parking lot with handicap-accessible rear entry, plus easy access to an adjacent municipal parking lot.
- Spacious Layout: The building offers three floors of professional office space, providing a bright and vibrant environment enhanced by porcelain tile
- Convenient Restrooms: Three bathrooms, one on each floor, ensure convenience for tenants and clients.
- Well-Maintained: The property has been thoughtfully designed and maintained, making it an inviting space for a variety of professional tenants.
Executive Summary
Attractive and inviting 4-unit office building built in 2006, designed in a Victorian style offering three floors of professional office space adorned with colonial detailed molding, hardwood oak floors throughout and porcelain tile creating a bright and vibrant space. The basement offers a full eat-in-kitchen along with plenty of dedicated storage space. The second-floor unit has an additional luncheon room. Three bathrooms (one on each floor). Dedicated parking lot with handicap-accessible rear entry. Behind the property is a municipal parking lot for added convenience. All square footage is approximate.
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
4,400 SF
Building Class
C
Year Built/Renovated
2006/2007
Price
$990,000
Price Per SF
$225
Cap Rate
6.42%
NOI
$63,569
Percent Leased
55%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,467 SF
Slab To Slab
8’
Building FAR
0.72
Lot Size
0.14 AC
Zoning
Office - B-3A
Parking
7 Spaces (1.59 Spaces per 1,000 SF Leased)
Amenities
- Kitchen
- Recessed Lighting
- Hardwood Floors
Property Taxes
| Parcel Number | 16-05902-0000-00024 | Improvements Assessment | $477,000 |
| Land Assessment | $384,900 | Total Assessment | $861,900 |
Property Taxes
Parcel Number
16-05902-0000-00024
Land Assessment
$384,900
Improvements Assessment
$477,000
Total Assessment
$861,900
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