Remarks

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.

Details

MLS#: 3962373
Price: $1,999,999

Sq Ft: 36000
Year Built: 1965

County: Union
Lot Size: 100X150
Tax Fee: 17744