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High-Visibility Retail Center Opportunity
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295 US-46, Rockaway, NJ 07866

Value-add retail center with redevelopment potential on 6.43 acres.

Property Size100,007 SF
Lot Size6.43 Acres
Price / SF$147.99
Days on Market140

Property Features for 295 US-46

General Information

Standard status Active
Size 100,007 SF
Class C
Total Parking Spaces 210
Lot size 6.43 Acres
Property subtype Retail
Zoning HC-2
Occupancy 87%
Lease Type NNN
Investment Type Value Add
Net Operating Income $1,090,000

Building Details

Buildings 1
Stories 2
Units 17
Tenancy Multi
Listing Agency: Ripco Real Estate
Listed By: Florian Suserman · License #FL 0341146
Source: Crexi
Added: Mar 27 Changed: Aug 7 Last Checked: Aug 12 at 5:01AM

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 Ripco Real Estate

Investment Insights

Based on property information with market context.

Rockaway Plaza is a retail center situated on approximately 6.43 acres with over 320 feet of frontage along US Route 46, offering exposure to regional traffic and branding opportunities. Originally constructed in the mid-20th century, the multi-tenant center features flexible retail spaces with immediate availability, suitable for various retail, service, and consumer-facing uses. The property consists of abundant surface parking and a mix of long-term regional and national tenants. It is located on major commuter routes and surrounded by dense residential neighborhoods, enhancing accessibility and supporting foot traffic. The property offers the opportunity to re-tenant the center with larger tenants. The property size is 100007 square feet.

Key Highlights

  • High‑visibility location with over 320 feet of frontage on US Route 46, offering excellent exposure to regional traffic.
  • Value‑add opportunity to reposition and re‑tenant the center with larger tenants.
  • Strategically located on major commuter routes and surrounded by dense residential neighborhoods, ensuring consistent foot traffic.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Parking Lot & Garage Skin Care Clinic Storage Facility Hotel & Motel Grocery & Convenience Store

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

Location Intelligence

Trade Area within ½ mile

509
Businesses Nearby
103k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 40% Groceries 24% Home Improvements & Furnishings 17% Shops & Services 11%
McDonald's Dining
25,419 visits/mo 0.5 miles
Aldi Groceries
24,857 visits/mo 0.4 miles
Tractor Supply Co. Home Improvements & Furnishings
15,996 visits/mo 0.2 miles
Dunkin' Donuts Dining
13,790 visits/mo 0.3 miles
Goodwill Apparel
8,436 visits/mo 0.4 miles

Demographics for 07866, NJ

22,965
Population
8,863
Households
2.6
Avg Household Size
44
Median Age
50%
College-Educated
97%
High-School Grad
23.0 sq mi
ZIP Area
998
Density / Sq Mi
$123,828
Median Household Income
$70,340
Median Earnings
$1,604
Median Rent
$434,200
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
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Similar Off Market Nearby

  • Boro Plaza 350 US-46 STE 1, Rockaway, NJ 07866
  • Rockaway River Commons 437 US-46, Rockaway, NJ 07866
  • Amazing Chocolate Workshop Townsquare, Rockaway, NJ 07866
  • Mountain Plaza 170 US-46, Rockaway, NJ 07866

Frequently Asked Questions

What type of property is this?
Shopping center - Value-add retail center with redevelopment potential on 6.43 acres.
Where is this shopping center located?
The property is located at 295 US-46 Rockaway, NJ.
What is the asking price?
The asking price for this property is $14,800,000.
What are key features of this property?
This property features: High‑visibility location with over 320 feet of frontage on US Route 46, offering excellent exposure to regional traffic.; Value‑add opportunity to reposition and re‑tenant the center with larger tenants.; Strategically located on major commuter routes and surrounded by dense residential neighborhoods, ensuring consistent foot traffic.
(201) 777-2301 Call to check price and availability
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