283 Franklin AveWyckoff, NJ 07481

Property Details for 283 Franklin Ave

Year built

1937

Construction

FRAME

Lot size

0.16 AC

Property type

Commercial real estate

APN

70 00214-0000-00071

APU

7000214000000071

Description

This exceptional commercial property, located at 283 Franklin Avenue in Wyckoff, New Jersey, presents a compelling investment opportunity. The property is listed at $769,000 and offers significant potential for a variety of commercial uses. While the square footage is not currently specified, the property's location in the thriving town of Wyckoff makes it highly desirable. Its strategic positioning provides excellent visibility and accessibility, ensuring high traffic flow and potential for strong returns. The property sits on a lot with no acreage specified, offering ample space for development or expansion depending on zoning regulations and permitted uses. Further investigation into zoning and permitted uses is recommended for potential buyers to fully understand the development possibilities. The property's address, 283 Franklin Avenue, is easily identifiable and situated within a well-established commercial area, offering proximity to various amenities and services. This presents a unique chance to acquire a commercial property in a prime location within a desirable New Jersey town. Interested parties are encouraged to conduct their own due diligence to determine the suitability of the property for their specific commercial needs and to confirm all details regarding zoning and permitted uses. The asking price reflects the property's potential and strategic location within a vibrant and growing community. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,265,150

  6.5%

  $1,167,830

  7%

  $1,084,410

• Comparable approach

  Method

  Valuation

  Relative Method

  $882,216

  Geo Method

  $882,216

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,299,190

  Retail / Commercial

  $1,179,010

  Mixed-Use / Specialty

  $1,174,810

  Hospitality / Lodging

  $861,920

  Office

  $1,167,830

  Institutional / Educational

  $1,221,330

  Residential Income

  $1,428,950

  Multifamily

  $1,713,810

  Automotive / Energy

  $1,046,850

  Parking / Income-Based Land

  $361,256

  Restaurant / Food Service

  $611,027

  Healthcare / Senior Housing

  $1,204,740

Location Insight

City

Wyckoff

County

Bergen

State

New Jersey

Latitude

41.0116

Longitude

-74.1632

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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