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    FOR LEASE
    Commercial real estate

    1837 Greenwood Lake Tpke, Hewitt, NJ 07421

    0.26 ac lot Built 1985
    Individually Owned 2-yr Hold Free & Clear
    Property ID
    US59-0567880
    Property summary
    AI-generated overview

    This exceptional 1000 square foot commercial space is ideally situated at 1837 Greenwood Lake Turnpike in Hewitt, NJ. The unit boasts a prime location with both front and rear entrances, ensuring high visibility and convenient access. Abundant natural light floods the space through numerous windows, creating a bright and inviting atmosphere. A half bath is conveniently located within the unit. The building itself is in excellent condition, featuring a recently installed new roof. Unit 1 has been freshly painted, enhancing its appeal. The parking lot has recently undergone seal coating and new parking lines have been added, improving both aesthetics and functionality. Landscaping is professionally maintained, contributing to the overall attractive curb appeal. The property sits on a 0.27-acre lot and shares gas and electric utilities. The space is currently part of a building that also houses a pool supply store. The property is zoned LC (Lake Commercial), permitting a variety of retail uses including, but not limited to: craft/specialty shops (art galleries, antique shops, bakeries, book & stationery stores, delis, clothing shops, florists, and specialty sporting goods stores). Restaurants, bars, taverns, and nightclubs are not permitted as individual uses, nor are drive-in businesses. Professional offices, banks, and financial institutions are also not permitted. A deed restriction prohibits any cannabis-related activities on the property. The asking price is $1800.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1985
    Lot 0.26 ac (11,413 SF)
    APN 15 03701-0000-00005
    UPID US59-0567880
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Mark E Ruffolo · 2 yrs held
    Mark E Ruffolo
    since 2024
    Last sale
    $275,000
    3 recorded transactions
    2024
    $275,000
    2019
    2005
    $395,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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