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44 Harrison Ave Harrison, NJ 07029-2385

OFF-MARKET Commercial real estate Google Maps
5,577 SF 0.06 ac lot
Individually Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$950k
Range $855k – $1.05M (±10%)
Property ID US59-1869035

Property summary

AI-generated overview

This exceptional 1700 square foot storefront is ideally situated on Harrison Avenue, a prime commercial location boasting high foot traffic. The property is a single-tenancy retail space, perfect for a variety of businesses seeking immediate occupancy. Its convenient location offers unparalleled access to a vibrant community and significant transportation links. Minutes away from the PATH train providing easy access to New York City, this storefront benefits from proximity to numerous amenities including shopping centers, schools, Rutgers and NJIT universities, restaurants, parks, and grocery stores. Multiple major transportation options are readily available, enhancing accessibility for both employees and customers. A university shuttle bus stop is conveniently located directly across Harrison Avenue, further increasing visibility and accessibility. The space is move-in ready, allowing businesses to commence operations without delay. This is a truly exceptional opportunity for businesses seeking a high-visibility location in a thriving area. Serious inquiries only, appointments are required for viewing. Don't miss this chance to establish your business in a prime location with excellent potential for growth and success.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 5,577 SF
Lot 0.06 ac (2,500 SF)
APN 04 00002-0000-00015- 01
UPID US59-1869035

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$960k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.23M
Blend (final) Blend
$950k

Owner & transaction history

since 2021
Last sale
$710,000
4 recorded transactions
2021
$710,000
2016
Price N/A
2007
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $1.4M +8.4%

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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