Listing Agency: MICHAEL CERVELLI REAL ESTATE LLC J***@realestatenj.com Show Phone

Listed By: JAMES CERVELLI · License #0559769

Source: Xome

Added: Feb 7, 2024 Changed: Aug 29 Last Checked: Jul 22 at 3:32AM

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Investment Insights

Based on property information with market context.

This 1,000-square-foot retail space is positioned within a well-maintained shopping center anchored by CVS. The suite offers a commercial setting for retail operations, with visibility from the street and signage opportunities including an overhead facade sign.

The property is located at 166 Newark Pompton Turnpike in Pequannock Township, New Jersey. Major highway access, nearby bus stops, and ample parking support convenient customer and employee access. The center’s anchored setting and prominent roadside exposure provide practical visibility for an occupant.

Key Highlights

• 1,000 SF retail space within a CVS‑anchored shopping center
• Street exposure with an overhead facade sign
• Major highway access supports convenient travel to the property

Property Analytics

Property Profile

Current Use

Francesca's Bakery Bakery Ameti's Gourmet Pizza Restaurant Golden Jade Chinese ... Restaurant

Suggested Use

Top Pick Law Firm Parking Lot & Garage Dental Office Real Estate Agency Furniture & Home Goods Computer & Electronic Repair

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

Location Intelligence

Trade Area within ½ mile

377

Businesses Nearby

4k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 57% Shops & Services 43%

Golden China Dining

2,283 visits/mo 0.2 miles

M&T Bank Shops & Services

1,697 visits/mo 0.1 miles

Demographics for 07440, NJ

4,414

Population

1,598

Households

2.8

Avg Household Size

45

Median Age

48%

College-Educated

94%

High-School Grad

1.5 sq mi

ZIP Area

2,943

Density / Sq Mi

$147,976

Median Household Income

$68,070

Median Earnings

$981

Median Rent

$514,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - CVS-anchored center with highway access, bus stops, parking, and prominent storefront signage.

Where is this retail space located?

The property is located at 166 NEWARK POMPTON TURNPIKE Pequannock Township, NJ.

What are key features of this property?

This property features: 1,000 SF retail space within a CVS‑anchored shopping center; Street exposure with an overhead facade sign; Major highway access supports convenient travel to the property