Listing Agency: Century 21 Geba Realty G***@gmail.com Show Phone

Listed By: GEORGE PERRONE

Source: Elliman

Added: Mar 26 Changed: Aug 8 Last Checked: Aug 8 at 2:40PM

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Investment Insights

Based on property information with market context.

This property has been totally renovated and is suitable for office or retail use. Additional space is available, which includes a 300-square-foot office equipped with security cameras and a lighted, fenced-in parking area. This additional space is available for rent at an additional monthly rate and is suitable for company vehicles or landscaping equipment.

Key Highlights

• Totally renovated space ready for your business.
• Suitable for office or retail use.
• Additional 300 sqft office space available if needed.

Property Analytics

Property Profile

Current Use

Office Spaces

Suggested Use

Top Pick Parking Lot & Garage Building Supply Auto Repair Shop Plumbing Service Daycare Center Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$15.00 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

92

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 07435, NJ

2,188

Population

1,353

Households

1.6

Avg Household Size

49

Median Age

38%

College-Educated

100%

High-School Grad

12.6 sq mi

ZIP Area

174

Density / Sq Mi

$143,191

Median Household Income

$59,881

Median Earnings

$2,091

Median Rent

$465,200

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office space - Renovated space suitable for office or retail use.

Where is this office space located?

The property is located at 62 Old Rt 23 Newfoundland, NJ.

What is the lease rate?

The lease rate is $2,500/Mo.

What are key features of this property?

This property features: Totally renovated space ready for your business.; Suitable for office or retail use.; Additional 300 sqft office space available if needed.