Avenel Shopping Center For
1392 Saint Georges Avenue Avenel, NJ 07001
1392 Saint Georges Avenue, Avenel, NJ, 07001
$3,300,000
For Sale
Under Contract
$3,300,000
COMMERCIAL - Avenel, NJ
Property Size11,520 SF
Lot Size1.03 Acres
Price / SF$286.46
Days on Market153
Property Features for 1392 Saint Georges Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B-3
- Parking
- 66
- Parking features
- Driveway
- Standard status
- Active Under Contract
- APN
- 2500778000000021
- Size
- 11,520 SF
- Lot size
- 1.03 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 73245
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Zoned
- Water source
- Public
Building Details
- Year built
- 1991
- Floors in Building
- 1
Listing agency
KELLER WILLIAMS ELITE REALTORS
(732) 549-1998
Listed by
Kiran Mali
(732) 549-1998
Added: Feb 20 Updated: Jun 10 at 5:43PM Checked: Jul 23 at 3:06AM
MLS# 2611124R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property is a shopping center with stable tenants since 2022. The leases are renewable until 2030, 2035, and 2047. The buyer is responsible for conducting all due diligence. Current tenant leases will continue as per existing terms. Financials and lease details are available upon submitting a formal request with buyer profile, proof of funds, and NDA. The roof has been recently worked on. A new HVAC unit was recently installed for one of the three tenants. New pavement and parking area have been recently completed. Ample on-site parking is available. The shopping plaza is located on busy St Georges Avenue, which features many national retail brands, ensuring good footfall for all tenants and continued patronage. The property is zoned B-3 and has a lot size of 1.0331 acres. The property size is 11,520 square feet.
Key Highlights
- Stable tenants in place since 2022.
- Leases renewable until 2030, 2035, and 2047.
- Located on busy St Georges Ave with high foot traffic and national retail brands.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $248.8k | $21.60 |
| − Vacancy | −$13.9k | −$1.21 |
| EGI | $234.9k | $20.39 |
| − OpEx | −$70.5k | −$6.12 |
| NOI | $164.4k | $14.27 |
11,520 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.35M
$2.06M – $2.74M
NOI $164,428 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.01M
$2.63M – $3.51M
NOI $210,567 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Avenel Shopping Plaza — 516 Avenel St, Avenel, NJ 07001
- SLV Plaza — 1348-1352 St Georges Ave, Avenel, NJ 07001
- St. George Plaza (Avenel) — 1152 St Georges Ave, Avenel, NJ 07001
- Kunal Plaza — 1333 St Georges Ave, Colonia, NJ 07067
- Avenel St Plaza LLC — 495 Avenel St, Avenel, NJ 07001
FAQs
What type of property is this?
Shopping center - Shopping center with stable tenants and long-term leases.
Where is this shopping center located?
The property is located at 1392 Saint Georges Avenue Avenel, NJ.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Stable tenants in place since 2022.; Leases renewable until 2030, 2035, and 2047.; Located on busy St Georges Ave with high foot traffic and national retail brands.
