Building Details

Building Size 747 SF

Year Built 1903

Stories 2

Units 3

Listing Agency: Bhhs Fox & Roach Show Phone

Listed By: Tim Deluccia · License #8243435 Show Phone

Source: Cammarotarealestate

Added: Apr 8 Changed: Oct 26 Last Checked: Oct 26 at 3:52AM

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Investment Insights

Based on property information with market context.

Office space at 27 Olcott Sq is arranged as three suites totaling 747 square feet. Suite 2 contains 432 square feet, while Suite 3 offers 315 square feet. Interior features include carpeting, window blinds, closets, and FiOS connectivity.

The property is in the Bernardsville business district. The building dates to 1903.

Key Highlights

• Three office suites total 747 square feet
• Suite 2 measures 432 square feet; Suite 3 measures 315 square feet
• Office features include carpeting, window blinds, closets, and FiOS connectivity

Property Analytics

Current Use

EQUILINE NJ (Bike/Boat/Book/etc) Store B boutiquenj Clothing & Fashion Store Olcott Squared Clothing Store B boutique Clothing & Fashion Store

Suggested Use

Top Pick Auto Parts Store Law Firm Storage Facility Daycare Center Big Box & Wholesale Store Computer & Electronic Repair

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

$3.90 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

870

Businesses Nearby

Explore this area Business Placement

Demographics for 07924, NJ

7,650

Population

2,683

Households

2.9

Avg Household Size

41

Median Age

69%

College-Educated

93%

High-School Grad

12.0 sq mi

ZIP Area

638

Density / Sq Mi

$230,752

Median Household Income

$74,760

Median Earnings

$2,155

Median Rent

$733,800

Median Home Value

Market

Lease Benchmarks for Bernardsville, NJ

$20.84 /SF/Yr

Avg Asking Price

$10.96–$26 /SF/Yr

Price Range

1,486 SF

Avg Space Size

This space is priced 25% above the average of $20.84 /SF/Yr.

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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$4,000/Mo

2,069 sqft

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Mixed-Use Retail/Office Building

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1,800 sqft

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Second-Floor Office Suite

40 Quimby Ln, Bernardsville, NJ 07924

$2,500/Mo

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Frequently Asked Questions

What type of property is this?

Office unit - Individual offices include closets, window blinds, and carpeting, with internet connectivity through FiOS.

Where is this office unit located?

The property is located at 27 Olcott Sq #6 Bernardsville, NJ.

What are key features of this property?

This property features: Three office suites total 747 square feet; Suite 2 measures 432 square feet; Suite 3 measures 315 square feet; Office features include carpeting, window blinds, closets, and FiOS connectivity