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MultiTenant Retail & Restaurant Building
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171 Park Ave, Florham Park, NJ 07932

Proposed multi-tenant building with a sizable restaurant pad, liquor license availability, and good access and visibility.

Space Size9,300 SF
Days on Market1271

Property Features for 171 Park Ave

General Information

Standard status Active
Size 9,300 SF
Property subtype RETAIL

Additional Details

Liquor License Yes

Building Details

Tenancy Multi

Spaces For Lease

at 171 Park Ave Contact us

130 Park Ave - Pad Site

Floor
Bldg
Size
9,300 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Completion
Sublease
No
- Proposed ±9,300 SF MultiTenant Building - Good Access & Visibility - Approx. ±7,500...
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Listing Agency: CBRE | Philadelphia Suburban
Listed By: Jay Miller
Source: Moodyscre
Added: Mar 22, 2023 Changed: Sep 3 Last Checked: Sep 11 at 7:40AM

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 CBRE | Philadelphia Suburban

Investment Insights

Based on property information with market context.

A proposed multi-tenant commercial building offering approximately 9,300 square feet, with an estimated 7,500 square foot restaurant pad. The offering also includes liquor license availability, making it well-suited for restaurant concepts that require that component.

The property is located at 171 Park Ave in Florham Park, NJ, and is described as having good access and visibility for passing traffic.

Demographic data provided with the listing includes average household incomes of over $190,271 within a five-mile radius and a daytime population of over 170,560 people within five miles.

Key Highlights

  • Proposed ±9,300 SF multi‑tenant building
  • Includes an approx. ±7,500 SF restaurant pad
  • Liquor license available

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Restaurant Electrical Service Grocery & Convenience Store Carpet & Flooring Store Daycare Center 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

Multi-tenant
Tenancy
Yes
Liquor license
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

848
Businesses Nearby
Balanced
Demand for This Use

Demographics for 07932, NJ

11,036
Population
4,880
Households
2.3
Avg Household Size
46
Median Age
66%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
1,647
Density / Sq Mi
$147,009
Median Household Income
$73,591
Median Earnings
$3,009
Median Rent
$719,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Shopping center - Proposed multi-tenant building with a sizable restaurant pad, liquor license availability, and good access and visibility.
Where is this shopping center located?
The property is located at 171 Park Ave Florham Park, NJ.
What are key features of this property?
This property features: Proposed ±9,300 SF multi‑tenant building; Includes an approx. ±7,500 SF restaurant pad; Liquor license available
(484) 467-3346 Call to check price and availability
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