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    2727 State Rt 23 Newfoundland, NJ 07435

    For Sale
    Contact for pricing

    High-visibility corner unit, move-in ready. Retail or office ideal.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 0.95-acre commercial property, located at 2727 State Route 23, Unit 1, Newfoundland, NJ, presents a unique opportunity for a variety of businesses. The high-visibility corner unit boasts two convenient entrances, making it easily accessible to customers. The interior offers versatile space, perfect for either a single open floor plan or the creation of private suites with a dedicated reception area. A private restroom is included for added convenience. Recent upgrades include newer laminate flooring and a brand-new HVAC unit, ensuring a comfortable and modern workspace. The property's strategic location offers easy on/off access to Route 23, both north and south. Ample parking is available for tenants and customers. This thriving commercial center is anchored by a bank and post office, and is home to a diverse range of businesses including a vision center, deli, spa, vape shop, and medical and professional offices. The asking price is $1300 (monthly rent presumably, but this is not explicitly stated in the source material). This move-in ready space is an excellent opportunity for a business seeking a high-traffic location with strong neighboring businesses.

    Property Features for 2727 State Rt 23

    General Information

    Property type
    Other commercial real estate
    Lot Size
    41,382 SF

    Building Details

    Year Built
    1984
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Building Supply Wholesale Shop Auto Repair Shop Kitchen & Bath HVAC Service Garden Center Electrical Service Convenience Store Car Rental

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newfoundland
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.4414
    Latitude
    41.04754

    Nearby Comparable

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    Nearby Similar for Sale

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      Newfoundland Commercial Office Space

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    FAQs

    What type of property is this?
    Commercial real estate - High-visibility corner unit, move-in ready. Retail or office ideal.
    Where is this commercial real estate located?
    The property is located at 2727 State Rt 23 Newfoundland, NJ.
    What is the asking price?
    The asking price for this property is $1,300.
    (973) 657-9222
    Request Owner's contact information
    2727 State Rt 23 Newfoundland, NJ 07435
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2727 State Rt 23 Newfoundland, NJ 07435
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