Listing Agency: Parsippany Show Phone

Listed By: David Townes · License #10401232082 Show Phone

Source: Property.jll

Added: Oct 9 Changed: Oct 10 Last Checked: Oct 12 at 5:07PM

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Investment Insights

Based on property information with market context.

The retail space encompasses 1,620 square feet at 423 Paterson Ave in East Rutherford, New Jersey.

Key Highlights

• 1,620 SF of retail space
• Address: 423 Paterson Ave, East Rutherford, NJ 07073

Property Analytics

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Current Use

Rice Shop Restaurant

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Butcher Garden Center Discount 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

1,114

Businesses Nearby

121k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 66% Shops & Services 25% Dining 8% Home Improvements & Furnishings 1%

ShopRite Groceries

58,069 visits/mo 0.5 miles

Food Bazaar Supermarket Groceries

22,014 visits/mo 0.2 miles

Dollar Tree Shops & Services

10,986 visits/mo 0.2 miles

Taco Bell Dining

6,970 visits/mo 0.2 miles

7-Eleven Shops & Services

6,823 visits/mo 0.1 miles

Demographics for 07073, NJ

10,022

Population

4,325

Households

2.3

Avg Household Size

38

Median Age

45%

College-Educated

88%

High-School Grad

3.7 sq mi

ZIP Area

2,709

Density / Sq Mi

$91,789

Median Household Income

$59,221

Median Earnings

$1,867

Median Rent

$453,500

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

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Retail premises are located on Paterson Avenue in East Rutherford.

Where is this retail space located?

The property is located at 423 Paterson Ave East Rutherford, NJ.

What are key features of this property?

This property features: 1,620 SF of retail space; Address: 423 Paterson Ave, East Rutherford, NJ 07073