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    1561 Us-46 Parsippany-Troy Hills, NJ 07054

    For Lease
    Contact for pricing

    Morris County retail center; multiple suites available.

    Lot size:
    22,440 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail opportunity in Parsippany Hills Village, Morris County, offers a total of 22,440 square feet of leasable space within a multi-tenant building. Four suites are available, ranging from a minimum of 1,800 square feet to a maximum contiguous space of 5,600 square feet. A highly desirable feature is the potential to combine two existing spaces: a former 1,800-square-foot print shop and a former 5,600-square-foot grocery store, creating a combined 7,400-square-foot space. In addition to the retail spaces, there's also 2,100 square feet of readily available storage space. The property boasts ample parking with 90 spaces for customer and employee convenience. Currently, 9,500 square feet of space is vacant, presenting a unique opportunity for businesses seeking immediate occupancy. This prime location in Morris County offers excellent visibility and accessibility, making it an ideal choice for a variety of retail ventures. The flexible space options cater to businesses of various sizes, from smaller startups to larger established companies. Don't miss this chance to secure your ideal retail space in a thriving community.

    Property Features for 1561 Us-46

    General Information

    Property type
    Strip malls
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,440 SF

    Unit(s) available at that property

    Space
    Available space
    Size
    1,800 SF
    Space
    Available Space
    Size
    5,600 SF
    Space
    Combined Suite of Former printer shop & grocer
    Size
    7,400 SF
    Space
    Storage
    Size
    2,100 SF

    HighLights

    • 1,800 SF former print shop and 5,600 SF former grocery space available, combinable up to 7,400 SF.
    • 2,100 SF of additional storage space available for lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    Parsippany-Troy Hills
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4027752
    Latitude
    40.8638477

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    FAQs

    What type of property is this?
    Strip mall - Morris County retail center; multiple suites available.
    Where is this strip mall located?
    The property is located at 1561 Us-46 Parsippany-Troy Hills, NJ.
    What are key features of this property?
    This property features: 1,800 SF former print shop and 5,600 SF former grocery space available, combinable up to 7,400 SF.; 2,100 SF of additional storage space available for lease.;
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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
    1561 Us-46 Parsippany-Troy Hills, NJ 07054
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