481 Springfield Ave - Freestanding FOR SALE


Berkeley Heights, NJ 07922
$875,000 USD
732-907-2901
481 Springfield Ave, Berkeley Heights, NJ for Sale
$875,000 USD
Freestanding - FOR SALE
1/18
null | Request Cap Rate

481 Springfield Ave
Berkeley Heights, NJ 07922


HIGHLIGHTS

  • Prime corner redevelopment and investment opportunity in Berkeley Heights.
  • Features a two-family home and detached garage apartment with income potential.
  • Located within the Downtown Development (DD) Zone.
  • Can be combined with an adjacent parcel for expanded development opportunities.

OVERVIEW

Redevelopment/Investment Opportunity! Prime corner 0.34-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, creating a combined site of approximately 0.50 acres for expanded development possibilities.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$346 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

DD

APN/PARCEL ID

01-00206-0000-00010

ASK ABOUT THIS PROPERTY

Timothy DelucciaDeluccia Commercial GroupMore Info
732-907-2901

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Timothy DelucciaDeluccia Commercial GroupMore Info
732-907-2901

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