Commercial Real Estate for Lease at 101 South Ave in Cranford Twp., NJ for $3,990,000

Listing data updated October 27, 2025 - 5:50pm
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101 South Ave | Cranford Twp.

$3,990,000 | 2 Baths (2 Half) | 4,050 Sq. Ft.

UNBELIEVABLE: BANK OF AMERICA LONG TERM GROUND LEASE, 4,050 SF BANK BUILDING WITH DOUBLE DRIVE THROUGH LANES, HARD CORNER SIGNALIZED INTERSECTION IN AFFLUENT CRANFORD TOWNSHIP, UNION COUNTY LOCATION, 30K VEHICLES PER DAY, LESS THAN 1/2 MILE FROM CRANFORD NJ TRANSIT STATION, FOUR (4) FIVE (5) YEAR RENEWAL OPTIONS WITH 20% RENT INCREASES EACH OPTION, BANK OF AMERICA (NYSE:BAC) HAS A STANDARD & POOR'S CREDIT RATING OF A-/STABLE, $67M+ DEPOSITS AT THIS LOCATION, EXCELLENT DEMOGRAPHICS WITH OVER 461K PEOPLE WITHIN 5 MILES AND AN AVERAGE HOUSEHOLD INCOME OVER$167K, EASY ACCESS TO MANY LOCAL HIGHWAYS INCLUDING 1 - 95, GARDEN STATE PARKWAY, ROUTE 22, 28, 9 AND I-78, MANY NATIONAL RETAILERS INCLUDING DUNKIN DONUTS, HOME DEPOT, SHOPRITE, McDONALDS, QUICK CHECK, WAWA AND WENDY'S, NOI: $319,440 CAP RATE: 8.00 % GSMLS 3989060

Directions to property: 101-103 SOUTH AVE WEST AT CORNER OF LINCOLN AVE WEST

MLS Listing ID: 
GSMLS 3989060
Listing Category: 
Lease
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$3,990,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Cranford Twp.
Address: 
101 South Ave, Cranford Twp., NJ 07016, U.S.A.
County: 
Union
Latitude: 
40.6545600
Longitude: 
-74.3043400
Directions: 
101-103 SOUTH AVE WEST AT CORNER OF LINCOLN AVE WEST
Public Remarks: 
UNBELIEVABLE: BANK OF AMERICA LONG TERM GROUND LEASE, 4,050 SF BANK BUILDING WITH DOUBLE DRIVE THROUGH LANES, HARD CORNER SIGNALIZED INTERSECTION IN AFFLUENT CRANFORD TOWNSHIP, UNION COUNTY LOCATION, 30K VEHICLES PER DAY, LESS THAN 1/2 MILE FROM CRANFORD NJ TRANSIT STATION, FOUR (4) FIVE (5) YEAR RENEWAL OPTIONS WITH 20% RENT INCREASES EACH OPTION, BANK OF AMERICA (NYSE:BAC) HAS A STANDARD & POOR'S CREDIT RATING OF A-/STABLE, $67M+ DEPOSITS AT THIS LOCATION, EXCELLENT DEMOGRAPHICS WITH OVER 461K PEOPLE WITHIN 5 MILES AND AN AVERAGE HOUSEHOLD INCOME OVER$167K, EASY ACCESS TO MANY LOCAL HIGHWAYS INCLUDING 1 - 95, GARDEN STATE PARKWAY, ROUTE 22, 28, 9 AND I-78, MANY NATIONAL RETAILERS INCLUDING DUNKIN DONUTS, HOME DEPOT, SHOPRITE, McDONALDS, QUICK CHECK, WAWA AND WENDY'S, NOI: $319,440 CAP RATE: 8.00 %
Building Details
Details about the building on a property.
Stories: 
1
Year Built: 
9999
Living Area: 
4,050
Construction
Construction Materials: 
Brick/Block
Roof: 
Asphalt Shingle
Exterior: 
Brick/Block
Energy Information: 
Electric, Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
2
Total Half-Bathrooms: 
2
Utilities
Information about utilities available on the property.
Heating System: 
See Remarks
Heating System Fuel: 
Gas-Natural
Cooling System: 
See Remarks
Water Source: 
Public Water
Sewer: 
Public Sewer, See Remarks
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.47
Lot Size (Dimensions): 
20446 SF
Waterfront: 
0
Lot Features
Driveway: 
Lighting, Parking Lot-Exclusive, See Remarks
Parking Type: 
Lighting, Parking Lot-Exclusive, See Remarks
Public Record
Parcel Number: 
2903-00402-0000-00001-0000-
Lot Number: 
1
Annual Tax: 
$47,595.00
Property Zoning: 
COMMERCIAL
Contract Details
Details about the listing contract.
Possession: 
BY AGREEMENT
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
BHHS FOX & ROACH

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