450 South Ave Garwood, NJ

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at 450 South Ave Contact us

Listing office Pierson Commercial Real Estate Show Phone

Listing date Oct 2, 2025

Source Moodyscre

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Investment Insights

Based on property information with market context.

Located in Garwood, New Jersey, this retail space is part of a new mixed-use project featuring 296 residential units. The property offers 19,500 square feet of retail space at the intersection of South Avenue and Center Street. An additional 73 residential units are located across the street, with construction complete and currently leasing. Dedicated on-site parking is available for retail customers. The location benefits from a high-traffic retail corridor serving the Westfield, Cranford, and Garwood communities, as well as surrounding municipalities. The property is adjacent to the Garwood Train Station. The building is currently 99% leased with an average rent of over $3,000 per month. The market is dense, with a population of approximately 129,000 within a 3-mile radius, surrounded by national and regional retailers. The area features strong median income levels and a daytime population of approximately 137,000 within 3 miles. Outdoor seating opportunities are available.

Key Highlights

• PILOT program provides significant tax reduction and fixed costs for decades.
• High‑traffic location in a dense market with strong income levels and a large daytime population.
• Located adjacent to the Garwood Train Station, providing immediate access to transportation.

Property Analytics

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FAQs

What type of property is this?

Retail space - Retail space in new mixed-use project with 296 residential units.

Where is this retail space located?

The property is located at 450 South Ave Garwood, NJ.

What are key features of this property?

This property features: PILOT program provides significant tax reduction and fixed costs for decades.; High‑traffic location in a dense market with strong income levels and a large daytime population.; Located adjacent to the Garwood Train Station, providing immediate access to transportation.