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    Ave And Ctr St Garwood, NJ 07027

    For Lease
    Contact for pricing

    Modern Garwood office suites available.

    Lot size:
    19,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This vibrant mixed-use property, Vermella at Garwood Station, offers 19,500 square feet of prime commercial space in Garwood, New Jersey, located at the intersection of South Avenue and Center Street (zip code 07027). The building features four total suites, with a range of sizes available for lease, from a minimum of 1,268 square feet to a maximum contiguous space of 8,180 square feet. Currently, 14,907 square feet is available for lease. The property is classified as both retail and office space, specifically catering to creative office tenants. Ample parking is provided with 84 spaces available for tenants and their clients. The building's location in Union County offers easy access to major transportation routes, making it an ideal location for businesses seeking convenient commutes and accessibility for clients. This is a multi-tenant building offering a dynamic and collaborative work environment. Interested parties should inquire about the available spaces and lease terms. The property is ready for immediate occupancy.

    Property Features for 0 Ave And Ctr St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,500 SF

    Unit(s) available at that property

    Space
    Available
    Size
    3,172 SF
    Space
    Available Space
    Size
    1,268 SF
    Space
    Available Space
    Size
    8,180 SF
    Space
    Available Space 1
    Size
    2,287 SF

    HighLights

    • New mixed‑use development in Garwood, NJ, featuring 296 residential units and 19,500 SF of retail at South Avenue & Center Street. An additional 73 completed & leasing residential units are located across the street.
    • Tax abatements via a PILOT program provide significant tenant tax savings for decades.
    • Dedicated on‑site parking is available for retail tenants.
    • High‑traffic retail location serving Garwood, Westfield, Cranford, and surrounding areas.
    • 99% leased residential building with average rents exceeding $3,000/month, situated adjacent to the Garwood Train Station.
    • Dense market with a 3‑mile radius population of approximately 129,000, anchored by national & regional retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Garwood
    County
    Union
    State
    New Jersey
    Longitude
    -74.3249809
    Latitude
    40.6514756

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    FAQs

    What type of property is this?
    Office space - Modern Garwood office suites available.
    Where is this office space located?
    The property is located at Ave And Ctr St Garwood, NJ.
    What are key features of this property?
    This property features: New mixed-use development in Garwood, NJ, featuring 296 residential units and 19,500 SF of retail at South Avenue & Center Street. An additional 73 completed & leasing residential units are located across the street.; Tax abatements via a PILOT program provide significant tenant tax savings for decades.; Dedicated on-site parking is available for retail tenants.
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    Ave And Ctr St Garwood, NJ 07027
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Ave And Ctr St Garwood, NJ 07027
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