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    508 North Ave Garwood, NJ 07027

    For Lease
    Contact for pricing

    1,880 sq ft Single-Tenant Retail Opportunity

    Lot size:
    1,880 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1,880 square foot retail space in Garwood, NJ, presents a unique investment opportunity. Boasting a premium location anchored by a 59-unit residential complex and directly across from a ShopRite supermarket, this property enjoys unparalleled visibility and high traffic volume, averaging 18,461 vehicles per day. The strong demographics are undeniable, with 390,000 residents and a median household income of $93,000 within a 5-mile radius. This ensures a substantial and affluent customer base. The property's strategic location is further enhanced by its proximity to national brands such as Orangetheory Fitness and Massage Envy, creating a synergistic retail environment. Conveniently situated steps from the Garwood Train Station and close to major transportation arteries like the NJ Turnpike and Garden State Parkway, this location offers exceptional accessibility for both customers and employees. This single-tenant retail space is ideal for a variety of businesses seeking a high-traffic, high-visibility location in a thriving community. The combination of strong demographics, convenient location, and high visibility makes this property a truly exceptional investment opportunity. Don't miss out on this chance to secure a prime retail space in a rapidly growing market.

    Property Features for 508 North Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,880 SF

    Unit(s) available at that property

    Space
    Size
    1,880 SF

    HighLights

    • 1,880 sq. ft. single‑tenant retail space.
    • High‑traffic location (18,461 VPD) with excellent visibility, anchored by 59 residential units and across from a ShopRite.
    • Strong demographics: 390,000 residents within 5 miles, $93,000 median household income.
    • Surrounded by national retailers including Orangetheory Fitness and Massage Envy.
    • Convenient location near Garwood Train Station, NJ Turnpike, and Garden State Parkway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hands of Life Martial ... Martial Arts School

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Garwood
    County
    Union
    State
    New Jersey
    Longitude
    -74.3296089
    Latitude
    40.6528881

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    FAQs

    What type of property is this?
    Retail property - 1,880 sq ft Single-Tenant Retail Opportunity
    Where is this retail property located?
    The property is located at 508 North Ave Garwood, NJ.
    What are key features of this property?
    This property features: 1,880 sq. ft. single-tenant retail space.; High-traffic location (18,461 VPD) with excellent visibility, anchored by 59 residential units and across from a ShopRite.; Strong demographics: 390,000 residents within 5 miles, $93,000 median household income.
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    508 North Ave Garwood, NJ 07027
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    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
    508 North Ave Garwood, NJ 07027
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