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Freestanding Corner Commercial Building
For Lease
$5,000/Mo

113 Parsippany Rd, Parsippany, NJ 07054

Freestanding building with lobby, private offices, open work area, two bathrooms, and a finished basement with kitchen and meeting space.

Space SizeContact for details
Property Size2,412 SF
Days on Market45

Property Features for 113 Parsippany Rd

General Information

Standard status Active
Size 2,412 SF
Property subtype Commercial

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $10,201

Amenities

lobby with reception/waiting area
four private offices
large open work area
two bathrooms
kitchen
storage space
conference room/classroom area
newer roof
newer central air system

Building Details

Building Size 2,412 SF
Year Built 1950
Stories 1
Units 1
Listing Agency: CENTURY 21 THE CROSSING
Listed By: SUMMER FAILLA
Source: Elliman
Added: Jul 4 Changed: Aug 14 Last Checked: Aug 16 at 6:44AM

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 CENTURY 21 THE CROSSING

Investment Insights

Based on property information with market context.

Freestanding commercial building well suited for office, retail, medical, or salon use, positioned on a high-visibility corner. Inside, the layout includes a welcoming lobby with reception or waiting area, four private offices, a large open work area, and two bathrooms. The expansive basement level adds practical flexibility with a kitchen, storage space, and a conference room or classroom-style area.

The property offers large on-site parking in an accommodating lot for customer and staff use. It is described as providing excellent commuter access via Routes 287, 80, and 46, and it is noted as being within walking distance to the new Parq Home development. Recent capital improvements include a newer roof and a newer central air system, supporting a move-in-ready transition for the next user.

Key Highlights

  • Freestanding commercial building built in 1950 with lobby/reception, four private offices, large open work area, and 2 bathrooms
  • Finished basement includes a kitchen, storage space, and a conference room/classroom area
  • Recent capital improvements include a newer roof and a newer central air system

Property Analytics

Current Use

Nj Crime Victims Law Firm Realty Executives Platinum ... Real Estate Agency Joseph Kaufmann Real Estate Agency THE BERMAN TEAM Real Estate Agency Allison Perez Realtor Real Estate Agency

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store Locksmith Daycare 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

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

974
Businesses Nearby

Demographics for 07054, NJ

30,228
Population
12,497
Households
2.4
Avg Household Size
41
Median Age
61%
College-Educated
93%
High-School Grad
13.8 sq mi
ZIP Area
2,190
Density / Sq Mi
$107,955
Median Household Income
$69,061
Median Earnings
$1,725
Median Rent
$569,000
Median Home Value

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
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Freestanding building with lobby, private offices, open work area, two bathrooms, and a finished basement with kitchen and meeting space.
Where is this office building located?
The property is located at 113 Parsippany Rd Parsippany, NJ.
What is the lease rate?
The lease rate is $5,000/Mo.
What are key features of this property?
This property features: Freestanding commercial building built in 1950 with lobby/reception, four private offices, large open work area, and 2 bathrooms; Finished basement includes a kitchen, storage space, and a conference room/classroom area; Recent capital improvements include a newer roof and a newer central air system
More about this property
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