400 Franklin AveWyckoff, NJ 07481

Property Details for 400 Franklin Ave

Construction

CONCRETE BLOCKS

Lot size

0.25 AC

Property type

Commercial real estate

APN

70 00249-0000-00002- 01

APU

700024900000000201

Description

This exceptional commercial land parcel, located at 400 Franklin Avenue in Wyckoff, New Jersey, presents a unique investment opportunity. Situated in Bergen County, this single-tenant property offers unparalleled visibility and accessibility within the thriving town of Wyckoff. The property is zoned for commercial use and is ideally suited for a variety of businesses seeking a high-traffic location. Its prime location within Wyckoff ensures significant exposure to a substantial customer base. The address, 400 Franklin Avenue, places the property in a highly visible and easily accessible area, benefiting from excellent road connectivity and proximity to local amenities. The land itself provides ample space for development, allowing for the construction of a building tailored to specific business needs. This presents a rare chance to establish a strong commercial presence in a highly desirable New Jersey community. The property's location in Bergen County, known for its strong economy and affluent population, further enhances its investment potential. This is an exceptional opportunity to acquire a prime commercial land parcel in a thriving market. Detailed information regarding zoning regulations and development possibilities is readily available upon request. The property's geographic coordinates are 41.0096303 latitude and -74.1733559 longitude, further assisting in location verification and planning. This is a must-see for any business seeking a strategic location in a vibrant and prosperous community.

• CAP approach

  CAP return

  Valuation

  6%

  $2,074,790

  6.5%

  $1,915,190

  7%

  $1,778,390

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,446,800

  Geo Method

  $1,446,800

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,770,570

  Retail / Commercial

  $1,933,530

  Mixed-Use / Specialty

  $1,926,640

  Hospitality / Lodging

  $1,413,510

  Office

  $1,915,190

  Institutional / Educational

  $2,002,930

  Residential Income

  $2,343,420

  Multifamily

  $2,810,580

  Automotive / Energy

  $1,716,790

  Parking / Income-Based Land

  $592,445

  Restaurant / Food Service

  $1,002,060

  Healthcare / Senior Housing

  $1,975,730

Location Insight

City

Wyckoff

County

Bergen

State

New Jersey

Latitude

41.0096

Longitude

-74.1735

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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