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    352 Rte 10 Hanover, NJ 07981

    Sponsored
    For Lease
    Contact for pricing

    Hanover, NJ: 1,583 SF Available

    Lot size:
    13,108 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 13,108 square foot multi-tenant medical office building, situated on a 0.826-acre lot at 352 Route 10 in Hanover, New Jersey (zip code 07981), presents a unique leasing opportunity. The property is classified as Class B and boasts a convenient freestanding design with a drive-thru feature, ideal for various medical practices or retail businesses. Currently, 1,583 square feet of retail space is available for lease, offering a prime chance to establish or expand your business in a high-traffic location within Morris County. The building features ample parking with 26 spaces available for tenants and their clients. The property's classification as a pad site, combined with its location on Route 10, ensures high visibility and accessibility. This versatile space is suitable for a range of commercial uses, including medical offices, retail establishments, and banking facilities, making it an attractive investment for businesses seeking a prominent presence in a thriving community. The property's convenient location offers easy access to major transportation routes, ensuring a seamless commute for both employees and clients. Don't miss this opportunity to secure a well-located, versatile commercial space in a desirable New Jersey market.

    Property Features for 352 Rte 10

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,108 SF
    Class
    B

    Unit(s) available at that property

    Space
    Unit B
    Size
    1,583 SF

    HighLights

    • 13,108 SF Class B multi‑tenant medical office building on a 0.826‑acre lot at 352 Route 10, Hanover, NJ 07981.
    • 1,583 SF of retail space available for lease in a freestanding building with a drive‑thru.
    • High‑traffic location with 26 parking spaces and excellent visibility on Route 10.
    • Consumption liquor license available.
    • Strong demographics: Proximity to major employers including Bayer, MetLife, Novartis, and Barclay's.
    • Excellent neighboring businesses including CVS, Starbucks, and several restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Grocery Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    Morris
    State
    New Jersey
    Longitude
    -74.40673
    Latitude
    40.8204894

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    FAQs

    What type of property is this?
    Individual retail property - Hanover, NJ: 1,583 SF Available
    Where is this individual retail property located?
    The property is located at 352 Rte 10 Hanover, NJ.
    What are key features of this property?
    This property features: 13,108 SF Class B multi-tenant medical office building on a 0.826-acre lot at 352 Route 10, Hanover, NJ 07981.; 1,583 SF of retail space available for lease in a freestanding building with a drive-thru.; High-traffic location with 26 parking spaces and excellent visibility on Route 10.
    Request Owner's contact information
    352 Rte 10 Hanover, NJ 07981
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    Hanover, NJ 07981
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    352 Rte 10 Hanover, NJ 07981
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