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43 South Ave 3,877 SF Retail Building Fanwood, NJ 07023 $1,319,740 CAD ($340.40 CAD/SF) 9.14% Cap Rate
Investment Highlights
- Located in flexible zoning area, permitting office, retail, restaurant, light manufacturing and industrial, arts/creative and live-work uses.
- Ideal for owner-occupants. Owner-investors enjoy significant CAP Rate with minimal expenses. Business-friendly municipality.
Executive Summary
Former corporate headquarters for K-9 Resorts. Property ideal for owner-user in office, medical, co-working or retail space. Located near redevelopment area with flexible zoning, walking distance to new residential development. Ample parking in rear for customers and employees, with additional street parking for customers.
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$161,578
|
$41.68
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$161,578
|
$41.68
|
| Taxes |
$24,353
|
$6.28
|
| Operating Expenses |
$16,663
|
$4.30
|
| Total Expenses |
$41,016
|
$10.58
|
| Net Operating Income |
$120,562
|
$31.10
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $161,578 |
| Annual Per SF | $41.68 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $161,578 |
| Annual Per SF | $41.68 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,353 |
| Annual Per SF | $6.28 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $16,663 |
| Annual Per SF | $4.30 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $41,016 |
| Annual Per SF | $10.58 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $120,562 |
| Annual Per SF | $31.10 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
3,877 SF
Building Class
C
Year Built
2005
Price
$1,319,740 CAD
Price Per SF
$340.40 CAD
Cap Rate
9.14%
NOI
$120,562 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.34
Lot Size
0.26 AC
Zoning
CC-W - Located in Fanwood's Commercial Corridor; a mix of office, professional and personal services, artisan, light industrial, and small manufacturing.
Parking
10 Spaces (2.58 Spaces per 1,000 SF Leased)
Frontage
62’ on South Ave
Amenities
- 24 Hour Access
- Security System
- Signage
- Storage Space
- Air Conditioning
- Fiber Optic Internet
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-00055-0000-00007-01 | Total Assessment | $848,216 CAD |
| Land Assessment | $505,434 CAD | Annual Taxes | $24,353 CAD ($6.28 CAD/SF) |
| Improvements Assessment | $342,782 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
05-00055-0000-00007-01
Land Assessment
$505,434 CAD
Improvements Assessment
$342,782 CAD
Total Assessment
$848,216 CAD
Annual Taxes
$24,353 CAD ($6.28 CAD/SF)
Tax Year
2025
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