Building Details

Year Built 1920

Listing Agency: COLDWELL BANKER REALTY t***@realtor.com Show Phone

Listed By: THOMAS JAMES BIANCO · License #407649

Source: Corcoran

Added: Feb 11 Changed: Aug 29 Last Checked: Aug 29 at 5:33PM

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Investment Insights

Based on property information with market context.

This ground-floor commercial unit offers a flexible interior with several rooms alongside a large open area. Ten-foot ceilings and broad front-facing windows bring natural light into the space and provide exposure for signage. Two powder rooms and a rear exit door add practical functionality for daily operations. Built in 1920, the property is suited to retail, office, or professional use and is available for immediate occupancy. The tenant is responsible for rent, utilities, and a percentage share of property taxes based on square footage.

Key Highlights

• Ground‑floor commercial unit available for immediate occupancy
• Large open floor plan complemented by several separate rooms
• 10 ft ceilings and large front‑facing windows

Property Analytics

Current Use

Jason Yarusi - Real ... Real Estate Agency The Real Estate Foundation ... Real Estate Agency Jack and Jill Buys ... Real Estate Agency Home Loans GMI Loan Service Residential Home Funding ... Loan Service

Suggested Use

Top Pick Computer & Electronic Repair (Bike/Boat/Book/etc) Store Daycare Center Pet Grooming Service Carpet & Flooring Store 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.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

822

Businesses Nearby

Explore this area Business Placement

Demographics for 07027, NJ

4,454

Population

2,093

Households

2.1

Avg Household Size

43

Median Age

44%

College-Educated

96%

High-School Grad

0.7 sq mi

ZIP Area

6,363

Density / Sq Mi

$100,948

Median Household Income

$71,328

Median Earnings

$1,603

Median Rent

$509,800

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?

Retail space - Open-plan commercial unit with multiple rooms, front-facing windows, two powder rooms, and a rear exit.

Where is this retail space located?

The property is located at 246 North Ave Unit 3 Garwood, NJ.

What is the lease rate?

The lease rate is $3,750/Mo.

What are key features of this property?

This property features: Ground‑floor commercial unit available for immediate occupancy; Large open floor plan complemented by several separate rooms; 10 ft ceilings and large front‑facing windows