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31 S Finley Ave 5,750 SF 100% Leased Office Building Basking Ridge, NJ 07920 $3,488,404 CAD ($606.68 CAD/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
$3,488,404 CAD
Price Per SF
$606.68 CAD
Cap Rate
7.02%
NOI
$244,733 CAD
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
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PROPERTY TAXES
| Parcel Number | 02-01801-0000-00004 | Improvements Assessment | $752,696 CAD |
| Land Assessment | $640,676 CAD | Total Assessment | $1,393,372 CAD |
PROPERTY TAXES
Parcel Number
02-01801-0000-00004
Land Assessment
$640,676 CAD
Improvements Assessment
$752,696 CAD
Total Assessment
$1,393,372 CAD
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31 S Finley Ave
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