Open Retail Space with
For Sale
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265 South Ave, Fanwood, NJ 07023
Street-level retail space offers flexible merchandising and substantial back-of-house capacity.
Property Size4,472 SF
Price / SF$0.67
Days on Market54
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Property Features for 265 South Ave
General Information
Standard status
Active
Size
4,472 SF
Building Details
Year Built
1970
Listing Agency:
REAL
Listed By:
JORGE CASALINS · License #1435833
(855) 450-0442
Source:
Luminancerealty
Added: Aug 23
Changed: Oct 2
Last Checked: Oct 5 at 10:23PM
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.
Located at 265 South Ave in Fanwood Boro, this 4,472-square-foot retail property combines an open customer-facing area with extensive supporting space. The layout allows for flexible placement of displays, work areas, and operational functions, while the back-of-house portion can accommodate inventory, offices, preparation, or production activities. A street-level entrance provides direct customer access.
The property is immediately adjacent to the Fanwood Train Station and includes dedicated on-site parking for customers and staff. Built in 1970, the space provides a practical configuration for retail, boutique, studio, or specialized service operations.
The property is immediately adjacent to the Fanwood Train Station and includes dedicated on-site parking for customers and staff. Built in 1970, the space provides a practical configuration for retail, boutique, studio, or specialized service operations.
Key Highlights
- 4,472‑square‑foot retail property
- Open customer‑facing area with flexible layout
- Substantial back‑of‑house space for storage, offices, preparation, or production
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,830
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,276,600
$1.3M
Cap Rate 7%
$911,857
$911.9K
Cap Rate 9%
$709,222
$709.2K
Market Conditions
NOI Build-Up for 4,472 SF
Gross rent
$96.6K $21.60/SF
− Vacancy
−$5.4K −$1.21/SF
EGI
$91.2K $20.39/SF
− OpEx
−$27.4K −$6.12/SF
NOI
$63.8K $14.27/SF
Area
Union County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,276,600
Cap Rate 7%
$911,857
Cap Rate 9%
$709,222
Alternative Uses
Best Use
Retail
$911.9K
$797.9K – $1.06M
NOI $63,830 @ 7.0% cap · market cap 2,127.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,741 @ 7.0% cap · market cap 2,724.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
Explore this area
Business Placement
Demographics for 07023, NJ
7,774
Population
2,783
Households
2.8
Avg Household Size
41
Median Age
71%
College-Educated
98%
High-School Grad
1.3 sq mi
ZIP Area
5,980
Density / Sq Mi
$176,667
Median Household Income
$103,972
Median Earnings
$2,368
Median Rent
$610,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Street-level retail space offers flexible merchandising and substantial back-of-house capacity.
Where is this retail space located?
The property is located at 265 South Ave Fanwood, NJ.
What are key features of this property?
This property features: 4,472‑square‑foot retail property; Open customer‑facing area with flexible layout; Substantial back‑of‑house space for storage, offices, preparation, or production
