193 South Ave
Fanwood, NJ 07023
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- One Block from Fanwood Train Station
- Redevelopment Opportunity
- Great Parking
EXECUTIVE SUMMARY
Investment mixed use property in Downtown Fanwood, NJ. Growing in leaps and bounds, this is a vibrant live-work-play environment attractive to today's workforce. Fine dining, cafes, shops, public transportation, and services are all within 0.3 mile. Fanwood train station one block away. Lots of parking spaces in lot. Driveway exits to both South Avenue and to Sheelen's Crossing. Enormous potential in this property in the Fanwood Redevelopment Central Commercial Corridor Zoning.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,659 SF
Building Class
C
Year Built
1940
Price
$1,200,000
Price Per SF
$257.58
Cap Rate
3.75%
NOI
$45,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.41
Lot Size
0.08 AC
Zoning
CCC - retail/office/multi family - future development
Parking
16 Spaces (4.85 Spaces per 1,000 SF Leased)
Frontage
65’ on South Avenue
