20 Commerce DrCranford, NJ 07016

  • Commercial real estate
  • 6.36 AC
For Lease
$22.32/SF/YR View listing

Property Details for 20 Commerce Dr

Year built
1991
Construction
STEEL FRAME
Lot size
6.36 AC
Property type
Commercial real estate
APN
03 00643-0000-00003- 011
APU
300643000000003011

Description

This Class A, 9,797 square foot office building, renovated in 2019, is located at 20 Commerce Drive, Cranford, NJ 07016, in Union County. The property boasts 350 suites, with 5,970 square feet currently vacant, offering flexible options ranging from 10 square feet to a maximum contiguous space of 1,300 square feet. The building features convenient amenities including elevators. Its prime location in Cranford's commercial hub, near the Garden State Parkway, provides easy access to Newark International Airport and New York City. The building's energy-efficient design and attractive landscaping create a desirable work environment. Nearby amenities include restaurants, coffee shops, retail stores, and walking trails along the Rahway River. Available spaces cater to diverse needs, from single-person offices to large corporate setups, including fully furnished and equipped options, serviced offices, custom spaces, disaster recovery spaces, and day offices. A benefits program offering exclusive discounts and procurement support is also available. This landmark building, situated in the "clock tower," presents a unique opportunity for businesses seeking a prestigious and convenient location in New Jersey.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $52,385,928
    Hospitality
    $47,985,228
    Educational
    $39,923,148
    Medical
    $41,296,164
    Retail
    $62,102,672
20 Commerce Dr, Cranford, New Jersey

Location Insight

City
Cranford
County
Union
State
New Jersey
Latitude
40.6429
Longitude
-74.2871
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
$595,080
$4,036,400
$4,963,600
$9,000,000
-
$4,036,400
$4,963,600
$9,000,000

FAQs

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