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Multi-Room Office Building
For Lease
$1,100,000

10 Prospect Street, Verona, NJ 07044

A third-floor apartment layout can support additional office use.

Space SizeContact for details
Days on Market38

Property Features for 10 Prospect Street

General Information

Standard status Active
Property subtype Office

Additional Details

Space Use Office

Taxes and HOA fees

Annual Taxes $21,723
Listing Agency: Prestige Property Group Montclair
Listed By: Joseph Aziz · License #293956
Source: Josephazizrealestate
Added: Sep 23 Changed: Oct 26 Last Checked: Oct 26 at 3:16PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prestige Property Group Montclair

Rey
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Investment Insights

Based on property information with market context.

This office building offers nearly 6,000 square feet of usable space arranged across 23 rooms and workstations. The third floor is configured as an apartment and can also be used for office space.

Located in downtown Verona, the property is currently owner-occupied.

Key Highlights

  • Nearly 6,000 square feet of usable office space
  • 23 rooms and workstations
  • Third floor is built out as an apartment and can be used for additional office space

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Bannon, Rawding, McDonald ... Law Firm Plaia James Jude Law Firm Richard Chisholm ESQ Law Firm

Suggested Use

Top Pick Parking Lot & Garage Bakery Garden Center Auto Parts Store Locksmith Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

920
Businesses Nearby

Demographics for 07044, NJ

14,572
Population
5,997
Households
2.4
Avg Household Size
44
Median Age
68%
College-Educated
98%
High-School Grad
2.8 sq mi
ZIP Area
5,204
Density / Sq Mi
$159,044
Median Household Income
$85,852
Median Earnings
$2,125
Median Rent
$595,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office building - A third-floor apartment layout can support additional office use.
Where is this office building located?
The property is located at 10 Prospect Street Verona, NJ.
What is the lease rate?
The lease rate is $1,100,000.
What are key features of this property?
This property features: Nearly 6,000 square feet of usable office space; 23 rooms and workstations; Third floor is built out as an apartment and can be used for additional office space
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