Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    450 South Ave Garwood, NJ 07027

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in new mixed-use project with 296 residential units.

    Property size:
    5,928 SF
    Lot size:
    6.83 Acres

    Property Features for 450 South Ave

    General Information

    Size
    5,928 SF
    Lot size
    6.83 Acres

    Source: Pierson Commercial Real Estate Agent Gregg Medvin

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

    Overview

    Garwood Retail Space in Mixed-Use

    Located in Garwood, New Jersey, this retail space is part of a new mixed-use project featuring 296 residential units. The property offers 19,500 square feet of retail space at the intersection of South Avenue and Center Street. An additional 73 residential units are located across the street, with construction complete and currently leasing. Dedicated on-site parking is available for retail customers. The location benefits from a high-traffic retail corridor serving the Westfield, Cranford, and Garwood communities, as well as surrounding municipalities. The property is adjacent to the Garwood Train Station. The building is currently 99% leased with an average rent of over $3,000 per month. The market is dense, with a population of approximately 129,000 within a 3-mile radius, surrounded by national and regional retailers. The area features strong median income levels and a daytime population of approximately 137,000 within 3 miles. Outdoor seating opportunities are available.
    Location Intelligence

    Current Use by Public Records

    Flow Fight Fitness Physical Fitness Program Mind. Fight. Fitness. Coaching Center Solution Chimney Sweep ... Cleaners Vermella at Garwood Station Real Estate Agency MindFlow🪬MMA Martial Arts School

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Garwood
    County
    Union
    State
    New Jersey
    Longitude
    -74.3270434
    Latitude
    40.6513141

    Nearby Similar for Lease

    • $2,500 /Mo

      Renovated Apartment Near Train Station

      Newly renovated 2nd-floor apartment near train, shopping, and highways.
      625 Spruce Ave, Garwood, NJ 07027
      View Details
    • $2,400 /Mo

      Renovated Apartment Near Train Station

      Newly renovated 2nd-floor apartment near transportation and shopping.
      621 Spruce Ave, Garwood, NJ 07027
      View Details
    • $3,400 /Mo

      Spacious Cranford Rental Property

      Large 3-bedroom rental with finished basement and outdoor space.
      118 Lexington Ave, Garwood, NJ 07016
      View Details
    • Contact for pricing
      1,880 SF

      Prime Retail Space - Garwood, NJ

      1,880 sq ft Single-Tenant Retail Opportunity
      508 North Ave, Garwood, NJ 07027
      View Details
    • $3,200 /Mo

      Garwood Apartment Near Train Station

      Apartment in Garwood near train, shops, restaurants, and more.
      114 Center St, Garwood, NJ 07027
      View Details
    • Contact for pricing
      19,500 SF

      Garwood Station Creative Office Space

      Modern Garwood office suites available.
      0 Ave And Ctr St, Garwood, NJ 07027
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in new mixed-use project with 296 residential units.
    Where is this retail space located?
    The property is located at 450 South Ave Garwood, NJ.
    What are key features of this property?
    This property features: - PILOT program provides significant tax reduction and fixed costs for decades.; - High-traffic location in a dense market with strong income levels and a large daytime population.; - Located adjacent to the Garwood Train Station, providing immediate access to transportation.
    (732) 707-6900
    Request Owner's contact information
    450 South Ave Garwood, NJ 07027
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    450 South Ave
    Garwood, NJ 07027
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    450 South Ave Garwood, NJ 07027
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.