31 S Finley Ave - Medical FOR SALE


Basking Ridge, NJ 07920
$2,400,000 USD
908-672-7006
31 S Finley Ave, Basking Ridge, NJ for Sale
$2,400,000 USD
Medical - FOR SALE
1/21
null | 7.3% Cap Rate

31 S Finley Ave
Basking Ridge, NJ 07920


HIGHLIGHTS

  • Rare Opportunity for Investors in the Center of Basking Ridge - Prime Location on .25 Acres
  • Mixed Use Buildings with Seven Tenants - Fully Occupied
  • Two Buildings on one Lot - 31 South Finley Ave, 32 Brownlee Place (Across from Post Office ) Large Parking Lot plus Free Street Parking

OVERVIEW

Rare Opportunity for Investors or a 1031 Exchange 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 8 units of Mixed Use Rentals (Medical/Retail/Office/Apartment). Tenants include Doctor, Performing Arts Company, Plumbing Company, Health Store, Upholstery Company, Two Bedroom 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. 7.3% CAP RATE.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$417 USD /SF

CAP RATE

7.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1860

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

B1- R7 Residential/Comm.

APN/PARCEL ID

02-01801-0000-00004

ASK ABOUT THIS PROPERTY

Maryalice RaushiNextHome PremierMore Info
908-672-7006

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Maryalice RaushiNextHome PremierMore Info
908-672-7006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.