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    500 North Ave Garwood, NJ 07027

    For Sale
    Contact for pricing

    Prime Garwood location, high visibility, strong demographics.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property, located at 500 NORTH AVE Unit 508 in Garwood, NJ, presents a unique investment opportunity. Boasting a 1.81-acre lot, this general commercial space benefits from a premium location anchored by 59 residential units and enjoys excellent visibility and robust traffic, with a daily volume of 18,461 vehicles passing by. The property's strategic position across the street from a ShopRite supermarket ensures consistent foot traffic and exposure to a large customer base. The surrounding area is characterized by strong demographics, with a population of 390,000 residents and a median household income of $93,000 within a 5-mile radius. This affluent demographic is further supported by the presence of numerous national brands in close proximity, including Orangetheory Fitness and Massage Envy, indicating a thriving and desirable community. The property's convenient location, steps away from the Garwood Train Station and in close proximity to major transportation arteries such as the NJ Turnpike and the Garden State Parkway, provides unparalleled accessibility for both employees and customers. This combination of high visibility, strong demographics, convenient location, and proximity to established businesses makes this property an ideal investment for a variety of commercial ventures. The property is currently listed at a price to be determined. Serious inquiries are encouraged.

    Property Features for 500 North Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    78,844 SF

    Building Details

    Year Built
    2007
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Lofts at Garwood Apartment Building

    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
    Garwood
    County
    Union
    State
    New Jersey
    Longitude
    -74.3299
    Latitude
    40.65295

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Garwood location, high visibility, strong demographics.
    Where is this commercial real estate located?
    The property is located at 500 North Ave Garwood, NJ.
    (201) 451-5054
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    500 North Ave Garwood, NJ 07027
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    Garwood, NJ 07027
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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
    500 North Ave Garwood, NJ 07027
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