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Turnkey Hardware Store in Berkeley
For Lease
$24 SF/Yr CAM $8 /SF/Yr

503 Springfield Ave, Berkeley Heights, NJ 07922

3,500 SF retail space in Heritage Square Shopping Center.

Space SizeContact for details
Property Size3,500 SF
Lot Size1.14 Acres
Days on Market170

Property Features for 503 Springfield Ave

General Information

Standard status Active
Size 3,500 SF
Lot size 1.14 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $115,568

Building Details

Building Size 3,500 SF
Year Built 1965
Stories 2
Listing Agency: BHHS FOX & ROACH
Listed By: TIM DELUCCIA · License #8243435
Source: Elliman
Added: Mar 12 Changed: Aug 19 Last Checked: Aug 28 at 1:16PM

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 BHHS FOX & ROACH

Investment Insights

Based on property information with market context.

A 3,500 square foot turnkey hardware store is available for rent within the Heritage Square Shopping Center, situated in downtown Berkeley Heights at a traffic-controlled intersection. This endcap retail space includes an outdoor storage area and a loft. The property is located across from the train station and offers convenient access to I-78 and US-22. The base rent is $24 per square foot, with CAM fees at $8 per square foot.

Key Highlights

  • Turnkey 3,500 SF hardware store in Heritage Square Shopping Center.
  • High‑traffic location at a controlled intersection in downtown Berkeley Heights.
  • Endcap retail space with outdoor storage area and loft.

Property Analytics

Current Use

Berkeley heights True ... Corporate Office

Suggested Use

Top Pick Law Firm Parking Lot & Garage Auto Parts Store Furniture & Home Goods (Bike/Boat/Book/etc) Store Locksmith

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

$8 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

727
Businesses Nearby
80k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 41% Groceries 32% Dining 14% Home Improvements & Furnishings 9%
Stop & Shop Groceries
25,896 visits/mo 0.3 miles
Dunkin' Donuts Dining
10,012 visits/mo 0.3 miles
Berkeley Hardware & Paint Home Improvements & Furnishings
7,452 visits/mo 0.1 miles
TD Bank Shops & Services
6,020 visits/mo 0.4 miles
Pet Supplies Plus Shops & Services
5,812 visits/mo 0.3 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 - 3,500 SF retail space in Heritage Square Shopping Center.
Where is this storefront property located?
The property is located at 503 Springfield Ave Berkeley Heights, NJ.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: Turnkey 3,500 SF hardware store in Heritage Square Shopping Center.; High‑traffic location at a controlled intersection in downtown Berkeley Heights.; Endcap retail space with outdoor storage area and loft.
More about this property
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