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Drive-Thru Restaurant Opportunity
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2 Springfield Avenue, Cranford, NJ 07016

Drive-thru restaurant on 0.22 acres near Garden State Parkway.

Property Size375 SF
Lot Size0.22 Acres
Days on Market150

Property Features for 2 Springfield Avenue

General Information

Standard status Active
Size 375 SF
Lot size 0.22 Acres
Property subtype Retail
Listing Agency: CBRE - Allentown
Listed By: Jody King · License #PA
Source: Cbre
Added: Mar 25 Changed: Aug 21 Last Checked: Aug 20 at 1:04PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Allentown

Investment Insights

Based on property information with market context.

This property features a 375-square-foot drive-thru restaurant situated on a 0.22-acre lot. The property is zoned D-C, District Commercial, and includes parking. Its location benefits from a strong nearby population drawing from Newark and New York City. The site is located on Route 28 and is approximately 1.5 miles from the Garden State Parkway.

Key Highlights

  • Drive‑thru location
  • Zoned D‑C – District Commercial
  • Located on Route 28 and ±1.5 miles to Garden State Parkway

Property Analytics

Current Use

Drive through restaurants

Suggested Use

Top Pick Storage Facility Auto Parts Store Hotel & Motel Furniture & Home Goods Pharmacy Garden Center

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

Location Intelligence

Trade Area within ½ mile

1,658
Businesses Nearby
75k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 86% Dining 13% Beauty & Spa 1%
Dollar General Shops & Services
13,384 visits/mo 0.3 miles
7-Eleven Shops & Services
10,427 visits/mo 0.1 miles
TD Bank Shops & Services
9,748 visits/mo 0.1 miles
Chase Bank Shops & Services
6,280 visits/mo 0.5 miles
The UPS Store Shops & Services
6,254 visits/mo 0.4 miles

Demographics for 07016, NJ

23,827
Population
9,619
Households
2.5
Avg Household Size
42
Median Age
65%
College-Educated
97%
High-School Grad
4.7 sq mi
ZIP Area
5,070
Density / Sq Mi
$148,629
Median Household Income
$84,980
Median Earnings
$2,116
Median Rent
$635,800
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Drive through restaurant - Drive-thru restaurant on 0.22 acres near Garden State Parkway.
Where is this drive through restaurant located?
The property is located at 2 Springfield Avenue Cranford, NJ.
What are key features of this property?
This property features: Drive‑thru location; Zoned D‑C – District Commercial; Located on Route 28 and ±1.5 miles to Garden State Parkway
More about this property
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