1030 Clifton AveClifton, NJ 07013
- Office properties
- 2,442 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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