Michigan Ave Kenilworth, NJ 07033

Property Details for Michigan Ave

Property type

Commercial real estate

Description

This exceptional investment opportunity presents itself in the thriving commercial landscape of Kenilworth, NJ. Located on Michigan Avenue, this property offers significant potential for a variety of commercial uses, capitalizing on the area's recent surge in corporate activity. Kenilworth has experienced substantial growth, attracting major players such as Magni America, who established their new headquarters in June 2024. This influx of businesses underscores the area's economic vitality and presents a compelling case for investment. The Northeast Science and Technology Center, a key driver of this growth, has recently secured significant leases with prominent companies. Revlon, a global cosmetics giant, occupies 62,000 square feet for research and development, while CoreWeave, a leading technology firm, committed to a substantial 280,000 square foot long-term lease. Further solidifying Kenilworth's position as a hub for corporate expansion, Doka, a prominent construction company, relocated its U.S. headquarters to the town in May 2023. This property's location within this dynamic environment offers unparalleled access to a skilled workforce and a robust infrastructure, making it an ideal investment for discerning buyers seeking strong returns in a rapidly developing market. The asking price of $2,050 reflects the exceptional value and growth potential of this unique opportunity. While the exact square footage is currently unavailable, the property's strategic location and the surrounding commercial activity make it a highly attractive proposition.

Location Insight

City

Kenilworth

County

Union

State

New Jersey

Longitude

-74.2866

Latitude

40.6773