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Freestanding Retail Building
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284 Springfield Ave, Berkeley Heights, NJ 07922

Downtown commercial building with dedicated service space and outdoor equipment parking.

Property Size8,500 SF
Days on Market142

Property Features for 284 Springfield Ave

General Information

Standard status Active
Size 8,500 SF
Property subtype Retail

Amenities

Outside Equipment & Truck Parking

Building Details

Buildings 1
Listing Agency: NAI James E. Hanson - Parsippany
Listed By: Sig Schorr · License #7866217
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 4:47PM

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 NAI James E. Hanson - Parsippany

Investment Insights

Based on property information with market context.

This freestanding retail property contains 8,500 SF of building area and is currently configured for retail sales, equipment rental, and related service operations. The improvements include an equipment service and repair area, providing functional support space beyond the customer-facing retail area.

Outdoor equipment and truck parking is included on the property, with possible room for expansion. The building is situated in the downtown city center of Berkeley Heights, New Jersey. Potential applications identified for the property include a garden center, plumbing or electrical business, contracting operation, medical or professional services, and child care.

Key Highlights

  • 8,500 SF freestanding retail building
  • Current configuration includes retail sales, equipment rental, and service operations
  • Dedicated equipment service and repair area

Property Analytics

Current Use

Taylor Rental Center ... Party Supply Store Penske Truck Rental Car Rental Facility Janies NJ Garage ... Building Supply Budget Truck Rental Car Rental Facility

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Auto Parts Store Spa & Massage Center Parking Lot & Garage

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

721
Businesses Nearby
79k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 42% Groceries 33% Dining 13% Home Improvements & Furnishings 9%
Stop & Shop Groceries
25,896 visits/mo 0.2 miles
Dunkin' Donuts Dining
10,012 visits/mo 0.2 miles
Berkeley Hardware & Paint Home Improvements & Furnishings
7,452 visits/mo 0.5 miles
TD Bank Shops & Services
6,020 visits/mo 0.1 miles
Pet Supplies Plus Shops & Services
5,812 visits/mo 0.2 miles

Demographics for 07922, NJ

12,311
Population
4,474
Households
2.8
Avg Household Size
44
Median Age
73%
College-Educated
98%
High-School Grad
5.6 sq mi
ZIP Area
2,198
Density / Sq Mi
$179,006
Median Household Income
$107,844
Median Earnings
$1,986
Median Rent
$697,000
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Downtown commercial building with dedicated service space and outdoor equipment parking.
Where is this storefront property located?
The property is located at 284 Springfield Ave Berkeley Heights, NJ.
What are key features of this property?
This property features: 8,500 SF freestanding retail building; Current configuration includes retail sales, equipment rental, and service operations; Dedicated equipment service and repair area
(973) 240-2116 Call to check price and availability
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