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Strip Mall Retail Unit
For Lease
$2,150/Mo

2915 State Rt 23, Newfoundland, NJ 07435

Commercial space fronts State Route 23 with on-site parking and natural gas service.

Space SizeContact for details
Days on Market318

Property Features for 2915 State Rt 23

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $24,510

Amenities

1 Unit Heating
Blacktop Driveway
Flat Roof
Forced Hot Air Heating
Level Lot
Parking Lot-Shared

Building Details

Year Built 1970
Listing Agency: RE/MAX COUNTRY REALTY
Listed By: MARK MINADEO · License #9133092
Source: Corcoran
Added: Oct 18, 2025 Changed: Aug 30 Last Checked: Aug 30 at 7:41PM

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 RE/MAX COUNTRY REALTY

Investment Insights

Based on property information with market context.

This strip mall includes a spacious commercial unit within a property constructed in 1970. The premises offer natural gas service and are configured for a business occupant seeking retail space along a well-traveled state route. Tenants share CAM charges, providing a defined arrangement for common-area expenses.

The property is positioned directly on State Route 23 in the Newfoundland section of West Milford Township, New Jersey. A parking lot accommodates 20 + vehicles, and the location provides direct road exposure from the state route. The space is available for rent within an established strip mall setting.

Key Highlights

  • Directly situated on State Route 23
  • Parking lot for 20 + vehicles
  • Natural gas service available

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Parking Lot & Garage Building Supply Auto Repair Shop Plumbing Service Daycare Center Pet Grooming Service

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

15
Businesses Nearby

Demographics for 07435, NJ

2,188
Population
1,353
Households
1.6
Avg Household Size
49
Median Age
38%
College-Educated
100%
High-School Grad
12.6 sq mi
ZIP Area
174
Density / Sq Mi
$143,191
Median Household Income
$59,881
Median Earnings
$2,091
Median Rent
$465,200
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Strip mall - Commercial space fronts State Route 23 with on-site parking and natural gas service.
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 $2,150/Mo.
What are key features of this property?
This property features: Directly situated on State Route 23; Parking lot for 20 + vehicles; Natural gas service available
More about this property
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