22
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$1,999,999
Est. payment /mo
15,000 SqFt
New
74 North Ave Garwood Boro, NJ 07027
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 15,000 sqft
Price per Sqft $133
MLS Listing ID 3962373
Year Built 1965
Annual Tax Amount $17,744
Tax Year 2024
Lot Size 0.340 Acres
Property Description
This commercial property, nestled in the heart of Garwood, New Jersey, presents a unique investment opportunity for both investors and entrepreneurs. Strategically located near the NJ Transit Garwood Station on the Raritan Valley Line, it offers direct access to New York City, making it an ideal spot for businesses seeking high visibility and accessibility.The property?s proximity to luxury residential developments is another significant advantage. Adjacent to the newly developed Vermella at Garwood Station, a mixed-use community featuring 296 upscale apartments and 19,500 square feet of street-level retail space,Furthermore, the area benefits from a PILOT (Payment In Lieu Of Taxes) program, offering reduced and predictable tax obligations for decades. Garwood is experiencing a surge in development, with new luxury apartments and mixed-use projects attracting residents from neighboring towns like Westfield and Cranford, the property is situated in a densely populated market with strong median income levels. This high-density market presents a lucrative opportunity for businesses seeking to establish a presence in the area.Whether you?re looking to establish a new business or develop a property to meet market demands, this location offers the potential for significant returns. The commercial property in Garwood, New Jersey, represents a compelling investment opportunity that combines strategic location, favorable tax incentives, and a growing consumer base.
Location
State NJ
County Union
Zoning GB- General B
Interior
Heating Gas-Natural
Cooling No Cool
Equipment Fire Alarm, Restrooms - Private, Smoke Detector, Storage Area(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum
Garage Spaces 18.0
Utilities Available All Underground
Roof Type Metal
Building
Story 1
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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