491 Springfield Ave Berkeley Heights, NJ 07922-1111
- Commercial real estate
- 7,088 SF
- 0.26 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 491 Springfield Ave
- Year built
- 1935
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.26 lot acres
- Property size
- 7,088 SF
- Zone code
- DD
- Property type
- Commercial real estate
- APN
- 01 00206-0000-00013
- APU
- 100206000000013
Description
This exceptional retail space, located at 491 Springfield Avenue in the heart of Downtown Berkeley Heights, New Jersey, offers a unique opportunity for a discerning business owner. The property boasts a versatile 1,600 to 1,800 square foot layout, currently configured as a turnkey tile store, complete with an attached garage. Its prime location on Springfield Avenue ensures high visibility and significant foot traffic. The property is zoned for commercial use and is conveniently situated near major transportation arteries, including I-78 and US-22, as well as public transportation options such as train and bus lines, ensuring easy accessibility for both employees and customers. Situated in Union County within the North Jersey submarket and the Downtown Berkeley Heights submarket cluster, this property benefits from a thriving local economy and a strong residential base. The existing tile store setup provides a ready-to-use space, minimizing initial setup costs and allowing for a quick start to operations. This is an ideal opportunity for a business seeking a well-established location with excellent visibility and convenient access to major transportation routes. The property's size and configuration offer flexibility for a variety of retail uses. The inclusion of a garage adds significant value and utility. This property presents a compelling investment opportunity in a desirable and high-traffic area. The zip code is 07922.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,086,000
- AI Estimate
- $543,000
Market price range: $1.09M - $2.62MMarket price range: $543k - $1.66M
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Location Insight
- Map
- Local Demand
- City
- Berkeley Heights
- County
- Union
- State
- New Jersey
- Longitude
- -74.4416
- Latitude
- 40.6842
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA