483-487 Springfield Ave - Storefront FOR SALE


Berkeley Heights, NJ 07922
$770,000 USD
732-907-2901
483-487 Springfield Ave, Berkeley Heights, NJ for Sale
$770,000 USD
Storefront - FOR SALE
1/10
null | Request Cap Rate

483-487 Springfield Ave
Berkeley Heights, NJ 07922


HIGHLIGHTS

  • Prime redevelopment and investment opportunity in Berkeley Heights' Downtown Development Zone.
  • Retail building with two tenants provides immediate income potential.
  • Strong opportunity to generate revenue while pursuing future redevelopment plans.
  • Can be combined with the adjacent property for a larger development site.

OVERVIEW

Redevelopment/Investment Opportunity! Prime 0.16-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 0.50 acre for expanded development possibilities.

FOR SALE DETAILS

PRICE

$770,000 USD

PRICE/SF

$321 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

DD

APN/PARCEL ID

01-00206-0000-00011,01-00206-0000-00012

ASK ABOUT THIS PROPERTY

Timothy DelucciaDeluccia Commercial GroupMore Info
732-907-2901

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

Timothy DelucciaDeluccia Commercial GroupMore Info
732-907-2901

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