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Retail Space in Redeveloping Center

3035-3189 Route 46, Parsippany, NJ 07054

For Lease
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A planned center redevelopment is scheduled to add a grocery tenant by 2027.

Space Size2,400 SF - 159,561 SF
Days on Market8

Property Features for 3035-3189 Route 46

General Information

Standard status Active
Size 2,400 SF - 159,561 SF
Property subtype Retail

Spaces For Lease

at 3035-3189 Route 46 Contact us

#0005 Active

Size 9,574 SF
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#0011 Active

Size 2,400 SF
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#0013 Active

Size 25,203 SF
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#0014 Active

Size 27,229 SF
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#0018 Active

Size 3,245 SF
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#0020 Active

Size 7,200 SF
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#0021 Active

Size 5,100 SF
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#OPO 1 Active

Size 159,561 SF
Contact us
Listing Agency: Brixmor Property Group
Listed By: Rob McGarrigle
Source: Crexi
Added: Nov 3 Changed: Nov 8 Last Checked: Nov 10 at 5:13AM

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 Brixmor Property Group

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Investment Insights

Based on property information with market context.

Retail space is available at Morris Hills Shopping Center, where a redevelopment is scheduled for completion in 2027 and will add a grocer. The project’s stated completion timeline gives prospective occupants a clear reference point for the center’s planned changes.

Route 46 carries 27K+ VPD, while Parsippany Blvd carries 15K+ VPD. The center also has direct access from I-287, with 97K+ VPD, and I-80, with 113K+ VPD. Within 3 miles, the daytime population is 89K+, average household income is $168K+, and 59% of residents are college educated.

Key Highlights

  • Planned redevelopment includes a grocer, with completion scheduled for 2027
  • Route 46: 27K+ VPD; Parsippany Blvd: 15K+ VPD
  • Direct access from I‑287, carrying 97K+ VPD, and I‑80, carrying 113K+ VPD

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Hair Salon Auto Repair Shop Auto Parts Store Nail Salon Big Box & Wholesale 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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

363
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

Properties on Market for Retail space in Morris County

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Retail space - A planned center redevelopment is scheduled to add a grocery tenant by 2027.
Where is this retail space located?
The property is located at 3035-3189 Route 46 Parsippany, NJ.
What are key features of this property?
This property features: Planned redevelopment includes a grocer, with completion scheduled for 2027; Route 46: 27K+ VPD; Parsippany Blvd: 15K+ VPD; Direct access from I‑287, carrying 97K+ VPD, and I‑80, carrying 113K+ VPD
(610) 834-7287 · Office Call to check price and availability
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