708 North Ave Garwood, NJ 07027
- Mixed-use properties
- 1.26 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 708 North Ave
- Year built
- 2009
- Lot size
- 1.26 lot acres
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property, located at 708 NORTH AVE Unit 708 in Garwood, NJ, presents a compelling investment opportunity. Situated on a 1.26-acre lot, this property benefits from a premium location anchored by a 59-unit residential complex and enjoys excellent visibility and robust traffic counts of 18,461 vehicles per day. The surrounding area boasts strong demographics, with a population of 390,000 residents and a median household income of $93,000 within a 5-mile radius. This ensures a substantial and stable customer base for any business operating within the property. The property's strategic location is further enhanced by its proximity to numerous national brands, including Orangetheory Fitness and Massage Envy, creating a synergistic environment and attracting high foot traffic. Convenient access to public transportation is provided by its proximity to the Garwood Train Station, while major roadways such as the NJ Turnpike and the Garden State Parkway offer easy access for commuters and customers. This prime location, combined with the strong surrounding demographics and high traffic volume, makes this mixed-use property an ideal investment for discerning buyers seeking a high-return opportunity in a thriving market. The property's current use is not specified, allowing for a wide range of potential development and business ventures.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Garwood
- County
- Union
- State
- New Jersey
- Longitude
- -74.3315
- Latitude
- 40.6526
