Mixed Use Investment Property

331 Centennial Avenue Cranford, NJ 07016

331 Centennial Avenue, Cranford, NJ, 07016
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FOR SALE
Property Type:
Industrial
Amount:
$1,575,000
Last Verified:
Sep 25, 2025

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Highlights

  • First time offered by original builder/owner
  • 12 storage tenants, 4 warehouse tenants, 2 office tenants and 2 residential tenants
  • 20 parking spaces
  • One drive-in door (8'W x 11'H)
  • Priced below market value at $15.75 SF
  • Strong NOI of +$110,000
  • Real Estate Taxes - $44,144.85 (2025)

Description

99% occupied investment property consisting of storage, warehouse, office and residential use

Located within walking distance of desirable downtown and in close proximity to Garden State Park and Cranford train station.


Year Built: 1910
Building Size: 15750sq ft
Lot Size: 0.52 acres


Documents

Cranford 331 Centennial Ave Investment

Map of 331 Centennial Avenue, Cranford, NJ, 07016

Presented by:
Sitar Realty Company

Request additional information
Brian Murphy


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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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