66 Finley AveBernards, NJ 07920

Property Details for 66 Finley Ave

Year built

1920

Property size (Sq ft)

1,830 SF

Zone code

B1

Property type

Commercial real estate

APN

02 01603-0000-00008- 01

APU

20160300000000801

Description

This exceptional mixed-use property, located at 66 South Finley Avenue in the heart of downtown Basking Ridge, New Jersey, presents a rare investment opportunity. The 1,953 square foot building boasts three long-term tenants: Edward Jones Investments, Wabba Travel, and Country Tailor, ensuring 100% occupancy. With a remaining lease term of 3.6 years (expiring June 30, 2028), this property offers immediate cash flow and significant long-term potential. The building features a modified net lease structure, with two leases including gross plus taxes over base year and one net-net-plus lease with taxes over base year. The asking price is $1,065,000, representing a compelling $545.31 per square foot and a 5.74% cap rate based on a current NOI of $61,081. Situated on a prime corner lot, the building benefits from ample free municipal parking and excellent street parking. Renovated in 2014 with Hardi-plank siding and a new roof, this well-maintained three-story building requires no deferred maintenance. The property is zoned B1 commercial and enjoys prominent signage opportunities. This is a cornerstone property in downtown Basking Ridge, offering a stable investment with a history of consistent occupancy and strong tenant relationships. Showings are by appointment only. Please do not approach tenants.

Location Insight

City

Basking Ridge

County

Somerset

State

New Jersey

Latitude

40.7051

Longitude

-74.5487

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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