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

437 State Route 10, Whippany, NJ 07981

Ground-level commercial space with two apartments, separate utilities, and a walkout basement requiring rehabilitation.

Property Size9,999 SF
Price / SF$38.90
Days on Market4

Property Features for 437 State Route 10

General Information

Standard status Active
Size 9,999 SF
Property subtype Commercial

Property Condition

Severity Major Repairs Needed
Evidence fire damage

Site & Location

Road Access Yes
Utilities to Site Yes

Additional Details

Floor Ground

Taxes and HOA fees

Annual Taxes $7,339

Amenities

private restroom
separate utilities
walkout basement
Central air
Asphalt Shingle Roof
1 Car Width
1 Unit Cooling
3 Units Heating
Baseboard - Hotwater Heating
Central Air Cooling
Forced Hot Air Heating
Parking Lot-Exclusive

Building Details

Year Built 1925
Buildings 1
Tenancy Multi
Listing Agency: VERIFIED HOMES
Listed By: NELSON MOTA
Source: Corcoran
Added: Sep 2 Changed: Sep 4 Last Checked: Sep 4 at 4:13AM

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 VERIFIED HOMES

Investment Insights

Based on property information with market context.

This mixed-use property combines a ground-floor 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 houses building mechanicals, while separate utilities support distinct commercial and residential areas.

Built in 1925, the property fronts State Route 10 in Hanover Township and is positioned along a commercial corridor serving Whippany, East Hanover, Parsippany, and the surrounding Morris County business community. 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

  • Ground‑floor storefront with private restroom
  • Two residential apartments: one 1‑bedroom and one 2‑bedroom
  • Walkout basement for storage and building mechanicals

Property Analytics

Current Use

Storefront properties

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.

Lease Details

Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site

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 - Ground-level commercial space with two apartments, separate utilities, and a walkout basement requiring rehabilitation.
Where is this mixed-use property located?
The property is located at 437 State Route 10 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: Ground‑floor storefront with private restroom; Two residential apartments: one 1‑bedroom and one 2‑bedroom; Walkout basement for storage and building mechanicals
More about this property
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