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    480 Beverwyck Rd Parsippany-Troy Hills, NJ 07034

    Sponsored
    For Lease
    Contact for pricing

    Prime Medical Office, 11,151 SF Available

    Lot size:
    11,151 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11,151 square foot medical office space is ideally situated in the heart of Lake Hiawatha's bustling downtown shopping district in Morris County. The single-tenant property offers unparalleled visibility and accessibility, boasting a triple drive-thru for convenient patient access. The building features a generous ceiling height of 10 feet 10 inches, providing ample space for a variety of medical practices or related businesses. Its strategic location offers easy access to major transportation arteries, including Routes 46, 80, and 287, ensuring convenient commutes for both staff and patients. The entire 11,151 square feet is currently vacant and ready for immediate occupancy, presenting a unique opportunity for a medical professional or group seeking a prominent location with high visibility and excellent accessibility. The property is classified as both Retail and Office, and specifically as a Medical Office and Shopping Center subtype. This makes it suitable for a wide range of medical uses, benefiting from the high traffic and visibility of its prime downtown location. The property's size and features make it an attractive option for a practice looking to expand or establish a new presence in a thriving community. The convenient proximity to NJ Transit further enhances its appeal to both patients and employees. This is a rare opportunity to secure a significant and well-located medical office space.

    Property Features for 480 Beverwyck Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,151 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    11,151 SF

    HighLights

    • 11,151 SF medical office/retail building for lease in Lake Hiawatha, Morris County.
    • Single‑tenant occupancy.
    • Features a triple drive‑thru.
    • Excellent visibility and location in the main downtown shopping district.
    • Convenient access to Routes 46, 80, and 287, and NJ Transit.
    Property Profile Location Intelligence

    Current Use by Public Records

    St Gregory's Episcopal ... Episcopal Church

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Parsippany-Troy Hills
    County
    Morris
    State
    New Jersey
    Longitude
    -74.3835802
    Latitude
    40.8762742

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Medical Office, 11,151 SF Available
    Where is this lifestyle center located?
    The property is located at 480 Beverwyck Rd Parsippany-Troy Hills, NJ.
    What are key features of this property?
    This property features: 11,151 SF medical office/retail building for lease in Lake Hiawatha, Morris County.; Single-tenant occupancy.; Features a triple drive-thru.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    480 Beverwyck Rd Parsippany-Troy Hills, NJ 07034
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