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    193 South Ave, Unit Fanwood Fanwood, NJ 07023

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    For Sale
    $1,200,000

    First floor retail space with income-producing 3-bedroom residential unit.

    Property size:
    3 SF

    Property Features for 193 South Ave

    General Information

    Size
    3 SF

    Source: Douglas Feigel Agent Douglas Feigel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space with Residential Unit

    This property offers a first-floor retail space and a second-floor residential unit. The retail space features an on-street entrance, an open floor plan with natural light, two restrooms, a private office, and a rear entrance from the parking lot. The second floor contains a 3-bedroom, 2-bath apartment. Located in downtown Fanwood, New Jersey, the property is situated in a live-work-play environment with fine dining, cafes, shops, public transportation, and services within 0.3 miles. This location is intended to be attractive to today’s workforce and offers an opportunity to grow a business with an income-producing residential unit.
    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
    -74.3862283
    Latitude
    40.6395791

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    FAQs

    What type of property is this?
    Retail space - First floor retail space with income-producing 3-bedroom residential unit.
    Where is this retail space located?
    The property is located at 193 South Ave, Unit Fanwood Fanwood, NJ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Income-producing property: first-floor retail & second-floor 3-bed/2-bath unit.; - Prime downtown Fanwood, NJ location, in a vibrant live-work-play area.; - First-floor retail space features an open floor plan, abundant natural light, 2 restrooms, a private office, and entrances from the street and parking lot.
    (908) 230-9918
    Request Owner's contact information
    193 South Ave, Unit Fanwood 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, Unit Fanwood Fanwood, NJ 07023
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