Property
Clifton City, NJ 07013 992 Clifton Ave
$1,850,000
13 more
Presented By: KELLER WILLIAMS REALTY; 732-536-9010
Full/Half Baths • 0 / 1
SQFT • 5,000
Home Details
Located on a high-visibility main road in the heart of Clifton, NJ this fully renovated 5,040 sq. ft. commercial building offers exceptional potential for professional office use. Recently leased to a stable, long-term tenants. The property generates a solid Net Operating Income (NOI) with a over a 7% cap rate Situated in a highly desirable area known for attracting recession-resistant businesses, this asset promises long-term stability and minimal management concerns. With strong market fundamentals and a strategic location, this is an ideal opportunity for investors seeking consistent cash flow and dependable tenancy.
Presented By: KELLER WILLIAMS REALTY; 732-536-9010
Interior Features for 992 Clifton Ave
Bathrooms
Half Baths1
Other Interior Features
Price Per Sq Ft352.12
Available Sq Ft5000
BasementUnfinished
Fuel TypeGas-Natural
Total Stories2
General for 992 Clifton Ave
Cap Rate7.00
ConstructionBrick/Block
CoolingSee Remarks
CountyPassaic
DirectionsGrove St to Paterson to Clifton Ave
Documents AvailableFinancial Statement, Income & Expenses
DriveDriveway-Shared
EasementNo
Equipment AvailableSee Remarks
Farm AssessmentNo
HeatingSee Remarks
Leasable Area5000
Lease IncludesSee Remarks
Lease Information5 Or More Years, See Remarks
LocationCorner
Net Operating Income131000
Number Of Units Total2
OwnerPaysSee Remarks
OwnershipFee Simple
Possessionat closing
Property TypeOffice Building Complex
Property TypeOffice Building Complex
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount23744
Tax Assessed Value400000
Tax Lot5
Tax Year2024
Tenant PaysElectric, Heat, Maintenance-Common Area, See Remarks, Snow Removal, Trash Removal
Town #2502
TownshipClifton City
UtilitiesElectric, Gas-Natural
Utilities Paid ByTenant
Year Built1970
ZoningB-A
Exterior for 992 Clifton Ave
Building Area Total5040
Exterior DescriptionBrick/Block
Lot Dimensions100X75
Lot Size Acres0.17
Max Ceiling Height9
Max Door Height9
Number of Bays0
Number of Docks0
Water SourcePublic Water
Additional Details
Price History
Brian Lee
Associate