Property profile

1837 Greenwood Lk Tpke Hewitt, NJ 07421

OFF-MARKET
Commercial real estate
Property ID
US59-0567880
0.26 ac lot Built 1985
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1000 square foot commercial space is ideally situated at 1837 Greenwood Lake Turnpike in Hewitt, NJ. The unit boasts a prime location with both front and rear entrances, ensuring high visibility and convenient access. Abundant natural light floods the space through numerous windows, creating a bright and inviting atmosphere. A half bath is conveniently located within the unit. The building itself is in excellent condition, featuring a recently installed new roof. Unit 1 has been freshly painted, enhancing its appeal. The parking lot has recently undergone seal coating and new parking lines have been added, improving both aesthetics and functionality. Landscaping is professionally maintained, contributing to the overall attractive curb appeal. The property sits on a 0.27-acre lot and shares gas and electric utilities. The space is currently part of a building that also houses a pool supply store. The property is zoned LC (Lake Commercial), permitting a variety of retail uses including, but not limited to: craft/specialty shops (art galleries, antique shops, bakeries, book & stationery stores, delis, clothing shops, florists, and specialty sporting goods stores). Restaurants, bars, taverns, and nightclubs are not permitted as individual uses, nor are drive-in businesses. Professional offices, banks, and financial institutions are also not permitted. A deed restriction prohibits any cannabis-related activities on the property. The asking price is $1800.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1985
Lot 0.26 ac (11,413 SF)
APN 15 03701-0000-00005
UPID US59-0567880

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor
  • Swimming Pool Hardware & Home Improvement

Location

1837 Greenwood Lk Tpke Hewitt, NJ 07421-3008
Hewitt metro Census 256802 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2024
Last sale
$275,000
3 recorded transactions
2024
$275,000
2019
Price N/A
2005
$395,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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