Properties

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.

Features

  • Heating System : 1 Unit
  • Cooling System : No Cool
  • Roof Deck : Metal
  • Tax Assessed Valuation: 636700
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: All Underground

Additional Info

  • Office Name: BHGRE ELITE
  • Office MLS ID: 4952
  • Agent ID: 285389
  • Tax: 17744
  • Tax Year: 2024
  • Application Fee: $0
  • Zoning: GB- General B

Commercial For Sale

For Sale
$1,999,999

74 North Ave, Garwood Boro, *

  • SQFT 100 Acre
  • Built Year 1965

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5356882
  • Price: $1,999,999
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1965
  • Year Built Description: Approximate
  • Lot Area: 100 Acre
  • Status: Active
  • Days On Market: 42

Contact Agent

Map

Address Map

  • Country US
  • County Union
  • City Garwood Boro
  • Zipcode *
  • Street: North Ave
  • Street Number: 74
  • Street Direction: Drive west on North Avenue. Pass Anchor Place. The
  • Floor Number: 0
  • Longitude: W75° 40' 54.8''
  • Latitude: N40° 39' 16.4''
  • Internet Display Address: Yes
Property