1837 Greenwood Lake Tpke, Hewitt, NJ 07421
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.