1030 Clifton AveClifton, NJ 07013

  • Office properties
  • 2,442 SF
For Sale
$1,650,000 View listing

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
Property subtype
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
1030 Clifton Ave, Clifton, New Jersey

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$16,034
$73,300
$207,500
$280,800
-
$73,300
$207,500
$280,800

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