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184 South Ave 1,661 SF Retail Building Fanwood, NJ 07023 $2,120,162 CAD ($1,276.44 CAD/SF) 7% Cap Rate
Investment Highlights
- Ideal opportunity to repurpose for exclusive industrial operations such as light manufacturing, repair services, or specialty trade work.
- Features existing service bays and open interior space that can be adapted for equipment storage, assembly functions, or repair operations.
- Sits within a strong commuter corridor for Northern-Central New Jersey, supporting proximity to Routes 22 and I-78.
- Positioned on a highly visible corner lot along Route 28 (South Avenue), ensuring logistical accessibility for local and regional operations.
- Located one block from Fanwood Train Station and major roads, offering efficient employee access and distribution connectivity.
- Large paved area suitable for equipment staging or controlled access loading and delivery functions.
Executive Summary
Offered for sale is a strategically located property in Fanwood, NJ, presenting an excellent opportunity for an owner-user or investor focused on industrial operations. The site includes a one-story building of approximately 1,661 square feet situated on a 0.28-acre corner lot with direct frontage on South Avenue (Route 28), a highly traveled corridor in Union County.
Originally configured for auto repair use, the property features multiple service bays, a reception area, and rear utility space—elements that can be adapted to various light industrial functions. The parcel offers practical layout options with potential for outdoor equipment staging and efficient in-and-out movement for freight or service vehicles.
The location is one block from Fanwood Train Station, adding significant convenience for commuting staff, while major routes such as Route 22 and Interstate 78 are easily accessible to support operational needs. This property offers strong visibility and access within a well-established commercial and residential neighborhood, making it a viable option for specialized industrial services, assembly, or trade-related uses.
Taxes are $21,028 per year.
Originally configured for auto repair use, the property features multiple service bays, a reception area, and rear utility space—elements that can be adapted to various light industrial functions. The parcel offers practical layout options with potential for outdoor equipment staging and efficient in-and-out movement for freight or service vehicles.
The location is one block from Fanwood Train Station, adding significant convenience for commuting staff, while major routes such as Route 22 and Interstate 78 are easily accessible to support operational needs. This property offers strong visibility and access within a well-established commercial and residential neighborhood, making it a viable option for specialized industrial services, assembly, or trade-related uses.
Taxes are $21,028 per year.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,661 SF
Building Class
C
Year Built
1975
Price
$2,120,162 CAD
Price Per SF
$1,276.44 CAD
Cap Rate
7%
NOI
$148,411 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.28 AC
Zoning
GC - General Commercial
Fairly walkable
50/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-00060-0000-00001 | Improvements Assessment | $125,522 CAD |
| Land Assessment | $806,216 CAD | Total Assessment | $931,738 CAD |
Property Taxes
Parcel Number
05-00060-0000-00001
Land Assessment
$806,216 CAD
Improvements Assessment
$125,522 CAD
Total Assessment
$931,738 CAD
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