1030 Clifton AveClifton, NJ 07013

Property Details for 1030 Clifton Ave

Year built

1968

Lot size

0.06 AC

Property size (Sq ft)

2,442 SF

Property type

Office properties

APN

02 00041- 13-00011-0000-C0003

APU

020004113000110000C0003

Description

This exceptional commercial condo, located at 1030 Clifton Avenue in Clifton, NJ, presents a fantastic investment opportunity. The 9,479 square foot property is part of a thriving medical/office complex, boasting excellent curb appeal and convenient executive parking. The building is conveniently located, offering easy access to major roadways including Routes 3, 46, and the Parkway. While the building does not have an elevator, this second-floor condo is currently available for immediate occupancy. The unit is part of a larger complex, with all spaces currently leased except for one unit, offering a potential for immediate income generation or owner-occupancy. The property has recently undergone renovations, ensuring modern and attractive spaces. The asking price is $1,650,000. This is an ideal opportunity for an investor seeking a value-add property or an owner-occupant looking for a well-located, renovated space in a high-demand area. The available unit comprises 1,560 square feet. The sale is exclusively for the second-floor condo. This property offers a unique blend of convenience, accessibility, and modern amenities, making it a compelling investment prospect. The strong leasing history of the complex further enhances its appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $403,736

  6.5%

  $372,679

  7%

  $346,059

• Comparable approach

  Method

  Valuation

  Relative Method

  $319,072

  Geo Method

  $319,072

• Alternative Use

  Use

  Valuation

  Residential

  $462,122

  Hospitality

  $423,301

  Educational

  $352,182

  Medical

  $364,294

  Retail

  $547,838

Location Insight

City

Clifton

County

Passaic

State

New Jersey

Latitude

40.8627

Longitude

-74.165

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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