For Sale
$1,065,000

66 Finley AveBernards, NJ 07920

Prime downtown location, 3-tenant office building.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional mixed-use property, located at 66 South Finley Avenue in the heart of downtown Basking Ridge, New Jersey, presents a rare investment opportunity. The 1,953 square foot building boasts three long-term tenants: Edward Jones Investments, Wabba Travel, and Country Tailor, ensuring 100% occupancy. With a remaining lease term of 3.6 years (expiring June 30, 2028), this property offers immediate cash flow and significant long-term potential. The building features a modified net lease structure, with two leases including gross plus taxes over base year and one net-net-plus lease with taxes over base year. The asking price is $1,065,000, representing a compelling $545.31 per square foot and a 5.74% cap rate based on a current NOI of $61,081. Situated on a prime corner lot, the building benefits from ample free municipal parking and excellent street parking. Renovated in 2014 with Hardi-plank siding and a new roof, this well-maintained three-story building requires no deferred maintenance. The property is zoned B1 commercial and enjoys prominent signage opportunities. This is a cornerstone property in downtown Basking Ridge, offering a stable investment with a history of consistent occupancy and strong tenant relationships. Showings are by appointment only. Please do not approach tenants.

Highlights

  • Long-term lease agreements in place.
  • Ample free parking available on-site.
  • High-visibility corner location.
  • Excellent occupancy history.
  • Prominent building signage.
  • Landmark building with strong community recognition.

Property Details for 66 Finley Ave

Property type
Office properties, Mixed-use properties
Square Feet
1,953 SF
Year Renovated
2014
Buildings
1
Stories
3
Units
3

Location Insight

City
Bernards
County
Somerset
State
New Jersey
Latitude
40.705137895045
Longitude
-74.548931611696
66 Finley Ave, Bernards, New Jersey

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66 Finley Ave
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