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481 Springfield Ave 2,532 SF 100% Leased Retail Building Berkeley Heights, NJ 07922 $1,242,684 CAD ($490.79 CAD/SF)
Executive Summary
REDEVELOPMENT/INVESTMENT OPPORTUNITY! PRIME CORNER .34-ACRE PROPERTY LOCATED IN THE DOWNTOWN DEVELOPMENT (DD) ZONE OF BERKELEY HEIGHTS. THE PROPERTY FEATURES A TWO-FAMILY HOME AND A DETACHED THREE-CAR GARAGE WITH AN APARTMENT, OFFERING IMMEDIATE INCOME POTENTIAL WHILE PLANNING FOR FUTURE REDEVELOPMENT. THIS PARCEL MAY ALSO BE COMBINED WITH THE ADJACENT PROPERTY AT 483-487 SPRINGFIELD AVENUE (MLS # 4038717), CREATING A COMBINED SITE OF APPROXIMATELY .50 ACRES FOR EXPANDED DEVELOPMENT POSSIBILITIES.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Building Size
2,532 SF
Year Built
1900
Price
$1,242,684 CAD
Price Per SF
$490.79 CAD
Percent Leased
100%
Building Height
2 Stories
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-00206-0000-00010 | Improvements Assessment | $199,966 CAD |
| Land Assessment | $255,496 CAD | Total Assessment | $455,461 CAD |
Property Taxes
Parcel Number
01-00206-0000-00010
Land Assessment
$255,496 CAD
Improvements Assessment
$199,966 CAD
Total Assessment
$455,461 CAD
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481 Springfield Ave
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