8,745 SF | Retail\Office | Resi Development | Verona, NJ | 29,808 SF Lot Size

21-25 Grove Ave Verona, NJ 07044

21-25 Grove Ave, Verona, NJ, 07044
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FOR SALE FOR LEASE
Property Type:
Street Retail
Amount:
$1,748,888
Last Verified:
Oct 22, 2024

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Highlights


Description

Introducing a prime investment opportunity in the heart of Verona, NJ. This two building 8,745 SF of space, featuring 2 units, presents a compelling proposition for retail and street retail investors. Built in 1906, the property exudes character and charm while offering the advantages of modern zoning, classified under C-2. Situated in the vibrant Northern NJ area, this versatile space is poised for a range of retail endeavors, from boutique storefronts to flagship retail establishments. With its rich history and strategic location, this property is an exceptional prospect for forward-thinking investors seeking a foothold in a dynamic market.

Introducing 21-25 Grove Ave, a prime commercial property situated in Verona, NJ, 07044, available for lease. This attractive property boasts a modern, well-maintained exterior and spacious, customizable interior spaces ideal for various business needs. Featuring ample parking, excellent visibility, and high traffic exposure, it offers an exceptional opportunity for businesses to thrive. The property is strategically located, providing easy access to major transportation routes and amenities. With its versatile layout and prominent location, 21-25 Grove Ave presents an enticing prospect for businesses seeking a dynamic and high-impact commercial space.

Discover the prime location of this property nestled in the heart of Verona, NJ, offering a picturesque blend of suburban tranquility and urban convenience. Within close proximity, residents enjoy the charming town center featuring local shops, dining, and community events. Nearby, Verona Park provides a serene retreat with lush landscapes and recreational facilities. This sought-after area showcases a strong sense of community, top-rated schools, and seamless connectivity to major transportation routes and neighboring cities. Investors will appreciate the proximity to desirable amenities and the appeal of a dynamic real estate market in Northern NJ.


Year Built: 1906
Building Size: 8745sq ft
Lot Size: 0.68 acres

Units for Lease

21-25 Grove Ave
Space Available: 8745 SF
Lease Type: NNN

Price Per Sqft/Year: $25.00

Map of 21-25 Grove Ave, Verona, NJ, 07044

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.