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    1701 Us-22 Watchung, NJ

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    For Lease
    Contact for pricing

    Redeveloped shopping center with high visibility and accessibility.

    Property size:
    1,825 SF
    Lot size:
    48.23 Acres

    Property Features for 1701 Us-22

    General Information

    Size
    1,825 SF
    Lot size
    48.23 Acres

    Source: Levin Management - Corporate Agent E.J. Moawad

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

    Overview

    Prime Retail Space on Route 22

    An investment of $12 million is enhancing the 419,935 square foot Blue Star Shopping Center. A new 72,000 square foot ShopRite is under construction, with the existing store remaining open during construction. The location on US Route 22 ensures high visibility and accessibility. Infrastructure upgrades are underway, including updated facades, inviting common areas, landscaping, and EV charging stations. Multiple leases are pending, including a new restaurant on the pad site. Located on Route 22, the property is situated in a retail hub experiencing growth and increased consumer traffic. The property is an established Somerset County retail destination with 2.8 million annual visits. The location provides easy access to major highways, including US 22 and I-78. Pylon signage is available on Route 22. Available space is 1,825 square feet.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Similar Places Nearby

    Quick-Tag, Bed And Bath, Greenbrook Commons, Watchung Square, Coinstar Kiosk | Bitcoin ATM

    Map

    City
    Watchung
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.4509863
    Latitude
    40.63788

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    FAQs

    What type of property is this?
    Shopping center - Redeveloped shopping center with high visibility and accessibility.
    Where is this shopping center located?
    The property is located at 1701 Us-22 Watchung, NJ.
    What are key features of this property?
    This property features: - $12M Redevelopment Investment enhancing the 419,935 SF Blue Star Shopping Center.; - New 72,000 SF ShopRite under construction, ensuring a major anchor tenant.; - Prime Location on US 22 offers high visibility and accessibility.
    (800) 488-0768
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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
    1701 Us-22 Watchung, NJ
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