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Bank Owned Properties

Magyar Bank is currently offering the following bank properties for immediate purchase. For more information, or to arrange a visit of any of these properties, please contact Mike Keefe at 732.342.7600, ext. 107.

Commercial Properties

787-819 South Avenue Plainfield

787-819 South Avenue, Plainfield, NJ - SOLD

Property Description: Predominately two and part one and three story industrial flex facility containing 23,196 sq. ft. located on 1.36 acres.

Zoning: LI (Light Industrial)

Location: The subject property is located in the northeastern portion of Plainfield on the North side of South Avenue in between Central Street and Woodland Avenue.

 

111-117 W Second Ave Roselle

111-117 W. Second Ave., Roselle, NJ - SOLD

Property Description: The property is improved with a three story mixed use building containing 7,690± square feet. The first floor includes three commercial units and the second and third floors function as office space. The building includes a full unfinished storage basement containing 3,190± square feet.

Zoning: Central Business Zone

Location: The neighborhood can best be described as a main commercial area. The subject street is moderately traveled. The land use pattern in the immediate area is comprised of a wide variety of commercial, retail, and office development, with residential uses off of side streets.

Contact Name: DiLeo-Bram & Co. – (732) 985-3000

171 Levgar Piscataway

171 Levgar Street, Piscataway, NJ - UNDER CONTRACT

Property Description: 3000 square foot light industrial building with 3 drive in doors and a two-room office suite on the corner of South Ave near the Dunellen and Middlesex borders zoned residential with a variance for landscape contractor only.

Contact Name: Mike Keefe, 732-342-7600, ext. 107

Cranford Property

24 North Avenue East, Cranford, NJ - UNDER CONTRACT

Property Description: Located in the heart of Cranford's vibrant downtown corridor, literally a few steps from the Train Station, this location features
a single-story brick building formerly operated as a bar / restaurant, most recently the Bar Americana. The structure is approx. 3200 sf, with a full basement featuring two walk-in coolers; there is a large, open outdoor patio space to the rear of the building. Any bar / restaurant purchaser would have to obtain a liquor license independently, as the bank is not in possession of same. Perfect location and set-up for a Brewery / Brew Pub. This property is also suitable for conversion to a variety of commercial purposes.

Contact Name: Mike Keefe, 732-342-7600, ext. 107

106 Ocean Ave Pt Pleasant

106 Ocean Ave, Pt. Pleasant, NJ - UNDER CONTRACT

Property Description: Prime corner location situated in Point Pleasant Beach, at the intersection of Ocean Avenue and Broadway. Lot is approx. 127' x 100'. Located only steps from the boardwalk, beach, canal and inlet. Property currently accommodates a large commercial office building and 2 residential condos. Substantial on-site parking is available.

Contact Name: Mike Keefe, 732-342-7600, ext. 107

 

  Vacant Land

   

Welch Ct

7-17 Welch Ct, Little Egg Harbor, NJ - UNDER CONTRACT

Property Description: 9 subdivided lots nestled on a cul-de-sac in a serene and rustic setting located minutes from Bass River State Park the Great Bay. The lots measure approx. 1 acre and await the construction of 9 single-family custom homes. Close proximity to schools and the Garden State Parkway. Certain site improvements have already been undertaken including storm drainage improvements and roadway.

Contact: Mike Keefe, 732-342-7600, ext. 107

 

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