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    58-62 Rte East Hanover, NJ 07936

    For Lease
    Contact for pricing

    Prime East Hanover Retail Space - 2,400 SF

    Lot size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional retail property, located at 58-62 Route 10 in East Hanover, New Jersey, offers a single, readily available space perfect for a variety of businesses. The building's total area encompasses 4,000 square feet, with 2,400 square feet currently vacant and immediately available for lease. This contiguous space presents a significant opportunity for a tenant seeking a substantial presence in a high-traffic location. The property is classified as multi-tenant, although only one suite is currently available. Situated in Morris County, this location benefits from excellent visibility and accessibility along Route 10, a major thoroughfare ensuring high foot traffic and convenient access for customers. The property's address is 58-62 Route 10, East Hanover, NJ 07936. The space is ideal for a business requiring a minimum of 2,400 square feet, offering ample room for operations and expansion. This is a rare opportunity to secure a prominent retail space in a desirable East Hanover location. The property's convenient location and substantial square footage make it an attractive option for businesses seeking to establish or expand their presence in a thriving commercial area. Interested parties are encouraged to inquire promptly to secure this exceptional retail opportunity.

    Property Features for 58-62 Rte

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,000 SF

    Unit(s) available at that property

    Space
    Space 1
    Size
    2,400 SF

    HighLights

    • 2,400 SF immediately available retail space in East Hanover, NJ.
    • High‑traffic location on Route 10 with excellent visibility.
    • Easy ingress/egress with access to major intersection.
    • High vehicular traffic and strong daytime population.
    • Route 10 location offers major corridor exposure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    East Hanover
    County
    Morris
    State
    New Jersey
    Longitude
    -74.3879955
    Latitude
    40.8120407

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    FAQs

    What type of property is this?
    Retail property - Prime East Hanover Retail Space - 2,400 SF
    Where is this retail property located?
    The property is located at 58-62 Rte East Hanover, NJ.
    What are key features of this property?
    This property features: 2,400 SF immediately available retail space in East Hanover, NJ.; High-traffic location on Route 10 with excellent visibility.; Easy ingress/egress with access to major intersection.
    Request Owner's contact information
    58-62 Rte East Hanover, NJ 07936
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    East Hanover, NJ 07936
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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
    58-62 Rte East Hanover, NJ 07936
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