Prime Retail Building in
222 Macarthur Garfield, NJ 07026
222 Macarthur, Garfield, NJ, 07026
$499,999
For Sale
$499,999
Retail building in growing Garfield corridor, ideal for various businesses.
Property Size1,354 SF
Price / SF$369.28
Days on Market143
Property Features for 222 Macarthur
General Information
- Standard status
- Active
- Size
- 1,354 SF
- Property subtype
- Commercial
Listing Agency
REAL
(855) 450-0442
Listed by
RODICA BALAN
Source
Corcoran
Added: Feb 27 Checked: Jul 19 at 4:12 am
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 REAL
Investment Insights
Based on property information with market context.
This 1,354 sq ft one-story commercial building is located in a rapidly growing and highly sought-after area of Garfield, New Jersey. Positioned within a strong commercial and residential corridor, the property benefits from outstanding visibility, steady foot and vehicle traffic, and easy accessibility. The building is suitable for a wide range of retail or service-oriented businesses. The flexible configuration allows for numerous uses, including retail sales, coffee shop, studio, gallery, office space, or even storage. The layout includes a spacious open floor plan, a separate private office, two half bathrooms, a storage area, and a small kitchen/prep space. The property currently operates as a coffee shop and tea room, and prior to that, it was an art gallery. The space is well-suited for creative, boutique, or customer-focused concepts. The property has been recently renovated and presents an excellent opportunity for an owner-user or investor looking to establish a presence in a thriving market.
Key Highlights
- Prime location in a rapidly growing Garfield commercial and residential corridor.
- High visibility and steady foot/vehicle traffic.
- Flexible 1,354 sq ft space suitable for various retail or service businesses.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.2k | $21.60 |
| − Vacancy | −$1.6k | −$1.21 |
| EGI | $27.6k | $20.39 |
| − OpEx | −$6.9k | −$5.10 |
| NOI | $20.7k | $15.29 |
1,354 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$295.8K
$258.8K – $345.1K
NOI $20,706 @ 7.0% cap · market cap 4.14%
Second Best
Retail
$276.1K
$241.6K – $322.1K
NOI $19,326 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$353.6K
$309.4K – $412.5K
NOI $24,749 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail building in growing Garfield corridor, ideal for various businesses.
Where is this retail space located?
The property is located at 222 Macarthur Garfield, NJ.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Prime location in a rapidly growing Garfield commercial and residential corridor.; High visibility and steady foot/vehicle traffic.; Flexible 1,354 sq ft space suitable for various retail or service businesses.
