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    193 South Ave Fanwood, NJ 07023

    For Sale
    $1,200,000

    High-potential, vibrant downtown Fanwood location.

    Property size:
    3,759 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional mixed-use property, located at 193 South Avenue in the heart of Fanwood, NJ, presents a compelling investment opportunity. Boasting 3,759 square feet on a 0.26-acre lot, this property is ideally situated within Fanwood's thriving Central Commercial Corridor, benefiting from a vibrant live-work-play environment. Its prime location offers unparalleled convenience, with fine dining, cafes, shops, and public transportation all within a short 0.3-mile radius. The Fanwood train station is just one block away, enhancing accessibility and attracting a diverse clientele. Ample parking is available on-site, with a convenient driveway providing access to both South Avenue and Sheelen's Crossing. The property's zoning designation allows for significant potential, making it an attractive prospect for a variety of uses. This is a rare chance to acquire a substantial mixed-use property in a rapidly growing and highly desirable New Jersey town. The property's size and location within the redevelopment zone offer significant upside for the discerning investor. The existing infrastructure and convenient access points further enhance its appeal. This is a truly unique opportunity to capitalize on the ongoing growth and revitalization of downtown Fanwood.

    Property Features for 193 South Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,759 SF
    Lot Size
    11,326 SF

    Building Details

    Year Built
    1940
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Hung S. ... Internist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Fanwood
    County
    Union
    State
    New Jersey
    Longitude
    -74.38625
    Latitude
    40.63968

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    Nearby Similar for Sale

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      Dental Practice with Development Potential

      Corner property with parking, dental practice, development potential.
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    FAQs

    What type of property is this?
    Mixed-use property - High-potential, vibrant downtown Fanwood location.
    Where is this mixed-use property located?
    The property is located at 193 South Ave Fanwood, NJ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (908) 233-5555
    Request Owner's contact information
    193 South Ave Fanwood, NJ 07023
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    Fanwood, NJ 07023
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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
    193 South Ave Fanwood, NJ 07023
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