99 Ctr St Garwood, NJ 07027-1212
- Commercial real estate
- 5,358 SF
- 0.06 lot acres
Current Use by Public Records
- The Station Bar & Grill / Bar & Grill / Family Restaurant
Property Details for 99 Ctr St
- Year built
- 1931
- Construction
- BRICK
- Lot size
- 0.06 lot acres
- Property size
- 5,358 SF
- Property type
- Commercial real estate
- APN
- 06 00402-0000-00004- 01
- APU
- 60040200000000401
Description
This exceptional mixed-use property in Garwood, NJ, presents a compelling investment opportunity. Located at 99 Center Street, this building boasts a prime downtown location at a four-way stop, ensuring high visibility. The property comprises a ground-floor retail/restaurant space and three apartments on the second floor, currently enjoying 100% occupancy with four tenants. The building benefits significantly from its proximity to the Garwood train station (half a block away), enhanced by recent NJ Transit service additions due to nearby development. Across the street sits The Vermella at Garwood, a newly constructed upscale complex featuring approximately 400 apartments and extensive retail space, further bolstering the property's value and potential for future growth. The strong net operating income (NOI) of $107,073 underscores the property's financial stability and attractive return on investment. This is a rare opportunity to acquire a fully leased, high-performing asset in a thriving New Jersey community. The strategic location, coupled with the current high occupancy rate and substantial NOI, makes this a must-see property for discerning investors. Union County location, zip code 07027.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Garwood
- County
- Union
- State
- New Jersey
- Longitude
- -74.3247
- Latitude
- 40.6517
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
