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    20 Claremont Rd Bernardsville, NJ 07924

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    For Lease
    $23 SF/Yr

    1,925 SF retail space in downtown Bernardsville.

    Property size:
    37,060 SF
    Lot size:
    37,060 SF

    Property Features for 20 Claremont Rd

    General Information

    Size
    37,060 SF

    Source: Peter Wisniewski Agent Peter Wisniewski

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

    Overview

    Bernardsville Retail Space For Lease

    A 1,925 square foot retail space is available for lease within a 37,060 square foot Class A retail and office building. The building is located in the heart of the central business district in downtown Bernardsville. The location is near banks, shops, restaurants, and other upscale amenities, including the Bernards Inn, Gary’s Wine Cellars of Bernardsville, Diamond Dream, King’s Supermarket, Shoprite, CVS, and Monterey Gourmet Shops. The space will be available starting in August 2023. The property provides access to FiOS, Light Path and Comcast. Private parking is available with two on-site parking lots, one off-site parking lot, and street parking. The location is one block from the NJ Transit station with service to New York City. It is approximately 15 minutes to Morristown to the north, and to Bridgewater and Somerville to the south. The location offers easy access to I-287, I-78, and Routes 202 and 206. The average household income within a 3-mile radius was over $190,000 in 2021.
    Location Intelligence

    Current Use by Public Records

    Summit Prep Tutoring Service Riverwalk Physical Therapy ... Physical Therapy Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Bernardsville
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.5715968
    Latitude
    40.7177377

    Nearby Similar for Lease

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      Bernardsville Retail Space Available

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    • $19 SF/Yr
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      Bernardsville Retail/Office Space Available

      2,966 SF retail/office space near downtown Bernardsville.
      24 Claremont Rd, Bernardsville, NJ 07924
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    FAQs

    What type of property is this?
    Retail space - 1,925 SF retail space in downtown Bernardsville.
    Where is this retail space located?
    The property is located at 20 Claremont Rd Bernardsville, NJ.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the heart of Bernardsville's Central Business District.; - Close proximity to upscale amenities, including restaurants, shops, and the Bernards Inn.; - Excellent accessibility with private parking (on-site and off-site) and street parking.
    (973) 214-1875
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    20 Claremont Rd Bernardsville, NJ 07924
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    Bernardsville, NJ 07924
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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
    20 Claremont Rd Bernardsville, NJ 07924
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