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    2915 State Rt 23 Newfoundland, NJ 07435

    For Lease
    $2,150 /Mo ($1.35 SF/Yr)

    Commercial - West Milford Twp., NJ

    Lot size:
    0.44 Acres
    Days on Market:
    44
    Last Refresh:
    Dec 5 at 2:06 pm

    Property Features for 2915 State Rt 23

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Parking features
    Parking Lot
    Lot size
    0.44 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1970
    Floors in Building
    1
    Building materials
    Concrete
    Roof type
    Flat
    Architectural style
    Other

    RE/MAX Country Realty (973) 657-1000 [email protected]

    Listing agent MARK MINADEO (973) 657-1000

    Listing date Oct 23, 2025

    MLS# 3993233 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

    Route 23 Retail Opportunity

    This meticulously maintained retail unit is located in a strip mall on Route 23 in the Newfoundland section of West Milford Township, New Jersey. The property is zoned for commercial use and offers a great opportunity for business. The location provides fantastic road exposure. The parking lot accommodates over 20 vehicles. The lot size is 0.44 acres. Tenants share CAM charges, and natural gas is available.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Building Supply Wholesale Shop Auto Repair Shop Kitchen & Bath HVAC Service Garden Center Electrical Service Convenience Store Car Rental

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

    Location Insight

    • Map
    • Local Demand
    City
    Newfoundland
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.45496
    Latitude
    41.05307

    Nearby Similar for Lease

    • $1,300 /Mo
      41,382 SF

      West Milford Retail/Office Space

      High visibility corner unit, move-in ready, ideal for retail or office.
      2727 State Rt 23, Newfoundland, NJ 07435
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    • $1,800 /Mo
      58,370 SF

      West Milford Turnkey Office Space

      Entry-level, professionally managed office space suitable for medical use.
      7 Oak Ridge Rd, Newfoundland, NJ 07435
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    • $1,300 /Mo
      41,382 SF

      Retail Space in West Milford

      Retail space with high traffic and highway exposure in West Milford.
      2727 State Rt 23, Newfoundland, NJ 07435
      View Details
    • $675 /Mo

      West Milford Office Space Available

      Office space for rent in mixed-use complex with ample parking.
      2713 State Rt 23, Newfoundland, NJ 07435
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    • $800 /Mo

      Commercial Space in West Milford

      Commercial property available for rent in West Milford Township, NJ.
      2713 State Rt 23, Newfoundland, NJ 07435
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    • $1,300 /Mo

      High Visibility Corner Unit

      Retail or office space with two entrances and ample parking.
      2727 State Rt 23, Newfoundland, NJ 07435
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    FAQs

    What type of property is this?
    Strip mall - Well-maintained retail unit with high visibility on Route 23.
    Where is this strip mall located?
    The property is located at 2915 State Rt 23 Newfoundland, NJ.
    What is the lease rate?
    The lease rate is $1.35 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location directly on Route 23.; - Ample parking with a parking lot for 20+ vehicles.; - Meticulously maintained strip mall unit.
    (973) 657-1000
    Request Owner's contact information
    2915 State Rt 23 Newfoundland, NJ 07435
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    Newfoundland, NJ 07435
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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
    2915 State Rt 23 Newfoundland, NJ 07435
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