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470 Boulevard

2,500 SF 100% Leased Retail Building Kenilworth, NJ 07033 For Sale

Investment Highlights

  • Built Out for Bank Tenant
  • Close to Multiple Highways and NJ Transit
  • Three Drive-Through Banking Lane

Executive Summary

CBRE is pleased to offer for sale the nonperforming loan (the "Loan" ) collateralized by 470 Kenilworth Boulevard (the "Property”), a single-tenant retail property located in the affluent commuter suburb of Kenilworth, New Jersey. A former Santander branch bank, the Property features 2,500 square feet, five surface parking spaces, and three drive through lanes. The Loan was originated in January 2014 and reached final maturity in January 2024. The loan is currently in maturity default, following the expiration of former tenant, Santander Bank's lease in March 2024.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
2,500 SF
Building Class
C
Year Built
1955
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.20
Land Acres
0.29 AC
Zoning
N/Av - Boulevard Downtown Zone (B-D).
Parking
7 Spaces (2.8 Spaces per 1,000 SF Leased)
Frontage
101 ft on Kenilworth Blvd

Amenities

  • Drive Thru
1 of 1
470 Boulevard, Kenilworth, NJ - aerial map view
Walk Score ®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Santander
PNC Bank
Krauszer's Food Stores
Flagstar
Starbucks
ACME
CrossFit
Red Lobster
Golden Krust
Charlie Brown's Fresh Grill

PROPERTY TAXES

Parcel Number 08-00079-0000-00023 Improvements Assessment £38,497
Land Assessment £215,174 Total Assessment £253,670

PROPERTY TAXES

Parcel Number
08-00079-0000-00023
Land Assessment
£215,174
Improvements Assessment
£38,497
Total Assessment
£253,670
  • Tyler Barr
    Tyler Barr
  • Jack Howard
    Jack Howard
  • Robert Shapiro
    Robert Shapiro
  • Nicholas Kontos
    Nicholas Kontos
(212) 984-8000 x1635

  • Listing ID: 33671241

  • Date on Market: 29/10/2024

  • Last Updated:

  • Address: 470 Boulevard, Kenilworth, NJ 07033

The Retail Property at 470 Boulevard, Kenilworth, NJ 07033 is currently available For Sale. Contact CBRE for more information.

Nearby Listings

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Primary Photo
470 Boulevard, Kenilworth, NJ for sale Building Photo- Image 2 of 7
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Site Plan

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© 2024 CoStar Group

470 Boulevard
(212) 984-8000 x 1635

470 Boulevard

1/4

Tyler Barr

(212) 984-8000

x1635

(212) 984-8000 x1635

Jack Howard

(212) 984-8000

(212) 984-8000

Robert Shapiro

(212) 660-7717

(212) 660-7717

Nicholas Kontos

(212) 984-6622

(212) 984-6622

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