Property profile

35 2nd St Fanwood, NJ 07023

OFF-MARKET
Commercial real estate
Property ID
US59-1302655
7,140 SF 0.2 ac lot Built 2021
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional commercial retail unit in Fanwood, NJ, presents a prime leasing opportunity. Located at 35 2nd Street, the property boasts a modern exterior with large storefront windows, maximizing natural light and providing excellent visibility for attracting customers. The interior features an open floor plan, offering flexibility for various business types, whether retail or office-based. Updated lighting, a neutral color palette, and durable flooring create a clean and adaptable space ready for immediate occupancy. The unit includes a dedicated utility room for efficient operations and a substantial basement storage area, ideal for inventory or equipment. Ample on-site parking ensures convenient access for both staff and customers, enhancing the overall appeal and accessibility of this location. This property is situated in a high-traffic area, offering significant potential for businesses seeking a thriving location within a vibrant community. The combination of modern aesthetics, functional design, and convenient amenities makes this a highly desirable commercial space. The asking price is $2897 (lease terms to be determined).

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2021
Total area 7,140 SF
Lot 0.2 ac (8,925 SF)
APN 05 00064-0000-00022
UPID US59-1302655

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
  • Hair Salon
  • Alternative Medicine Practice

Location

35 2nd St Fanwood, NJ 07023-1254
Fanwood metro Census 38701 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.25M
CAP Approach CAP
$1.45M
Comparable Approach Comparable
$1.07M
Blend (final) Blend
$1.27M

Owner & transaction history

since 2026
Last sale
$1.0M
4 recorded transactions
2026
$1.4M
2021
Price N/A
2021
$1.0M
2018
Price N/A

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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