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Mixed-Use Property with Storefront
New
For Sale
$389,000

437 State Route 10 #3, Whippany, NJ 07981

Commercial frontage supports a storefront, while two upper-level apartments add residential flexibility.

Property SizeContact for details
Days on Market3

Property Features for 437 State Route 10 #3

General Information

Standard status Active
Property subtype Multi-Family

Property Condition

Severity Major Repairs Needed
Evidence fire damage

Additional Details

Floor Ground

Amenities

private restroom

Building Details

Year Built 1925
Buildings 1
Listing Agency: VERIFIED HOMES
Listed By: Nelson Mota · License #283006
Source: Daunnorealty
Added: Sep 5 Last Checked: Sep 6 at 4:33AM

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 VERIFIED HOMES

Investment Insights

Based on property information with market context.

Built in 1925, this mixed-use property combines a ground-floor commercial storefront with a private restroom and two residential apartments above. The first apartment includes one bedroom, a kitchen, living room, and full bathroom; the second has two bedrooms, a living room, and full bathroom. A walkout basement provides storage and space for building mechanicals, while separate utilities support independent building operations.

The property fronts State Route 10 in Hanover Township, with access to the surrounding Whippany, East Hanover, Parsippany, and Morris County business communities. Fire damage primarily affected the second floor and attic, and the building requires rehabilitation. The sale is strictly as-is, with inspections, certifications, permits, approvals, and repairs the buyer’s responsibility.

Key Highlights

  • Mixed‑use building with a ground‑floor storefront and two residential apartments
  • Apartment mix includes one one‑bedroom unit and one two‑bedroom unit
  • Walkout basement offers storage and space for building mechanicals

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Restaurant Hair Salon Big Box & Wholesale Store Storage Facility Auto Parts 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

438
Businesses Nearby

Demographics for 07981, NJ

9,051
Population
3,723
Households
2.4
Avg Household Size
48
Median Age
55%
College-Educated
98%
High-School Grad
6.0 sq mi
ZIP Area
1,509
Density / Sq Mi
$153,329
Median Household Income
$81,864
Median Earnings
$2,619
Median Rent
$611,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial frontage supports a storefront, while two upper-level apartments add residential flexibility.
Where is this mixed-use property located?
The property is located at 437 State Route 10 #3 Whippany, NJ.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Mixed‑use building with a ground‑floor storefront and two residential apartments; Apartment mix includes one one‑bedroom unit and one two‑bedroom unit; Walkout basement offers storage and space for building mechanicals
More about this property
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