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    1106 Route 46 Parsippany, NJ 07054

    For Sale
    $3,100,000

    Commercial - Parsippany-Troy Hills Twp., NJ

    Property size:
    4,000 SF
    Lot size:
    0.45 Acres
    Days on Market:
    222
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 1106 Route 46

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-2
    Size
    4,000 SF
    Lot size
    0.45 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Multi Units

    Building Details

    Year built
    1985
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Concrete
    Building materials
    Block, Brick
    Roof type
    Flat
    Architectural style
    Other

    RE/MAX SELECT (973) 575-6005 [email protected]

    Listing agent RUSI D GANDHI (973) 575-6005

    Listing date Apr 28, 2025

    MLS# 3959372 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail Location on US 46

    This 4,000 square foot commercial property is located on US 46 in Parsippany-Troy Hills Twp., NJ. Situated between PNC Bank and Bank of America, the property benefits from a prime location with a legal U-turn at the stop light for eastbound traffic. It is directly across from the Troy Hills Shopping Center. The property, suitable for investment or owner use, features ample parking in both the front and rear. It includes a separate entrance and exit, and offers significant sign exposure. Public transportation is conveniently available at the doorstep, and the property is close to Interstate 80. The lot size is 0.45 acres. The zoning is B-2.
    Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Parsippany
    County
    Morris
    State
    New Jersey
    Longitude
    -74.38618
    Latitude
    40.86306

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    FAQs

    What type of property is this?
    Bank - High-visibility retail property with ample parking and easy access.
    Where is this bank located?
    The property is located at 1106 Route 46 Parsippany, NJ.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: - Prime location on US 46 between PNC & Bank of America.; - Ample parking in front and rear.; - High visibility with big sign exposure.
    (973) 575-6005
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1106 Route 46 Parsippany, NJ 07054
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