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483-487 Springfield Ave 2,400 SF 100% Leased Retail Building Berkeley Heights, NJ 07922 $1,093,562 CAD ($455.65 CAD/SF)
Executive Summary
REDEVELOPMENT/INVESTMENT OPPORTUNITY! PRIME .16-ACRE PROPERTY LOCATED IN THE DOWNTOWN DEVELOPMENT (DD) ZONE OF BERKELEY HEIGHTS. THE PROPERTY FEATURES A 2,400 SF RETAIL BUILDING WITH TWO TENANTS OFFERING IMMEDIATE INCOME POTENTIAL WHILE PLANNING FOR FUTURE REDEVELOPMENT. THIS PARCEL MAY ALSO BE COMBINED WITH THE ADJACENT PROPERTY AT 481 SPRINGFIELD AVENUE (MLS # 4038714), CREATING A COMBINED SITE OF APPROXIMATELY .50-ACRE FOR EXPANDED DEVELOPMENT POSSIBILITIES.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Building Size
2,400 SF
Year Built
1956
Price
$1,093,562 CAD
Price Per SF
$455.65 CAD
Percent Leased
100%
Building Height
1 Story
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 10
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483-487 Springfield Ave
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