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    476 New Jersey 10 Hanover, NJ 07981

    Sponsored
    For Lease
    Contact for pricing

    Two-acre pad site, ideal for drive-thru.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-acre commercial land parcel, located at 476 New Jersey 10 in Whippany, Morris County, New Jersey (zip code 07981), presents a unique investment opportunity. Designated as a pad site/drive-thru, this property offers significant potential for businesses seeking high visibility and convenient access. The site boasts a total land area of two acres, providing ample space for development. The property is categorized as commercial land with single tenancy, making it an attractive option for a variety of businesses. Its location in Hanover, New Jersey, offers excellent access to major transportation routes, ensuring high traffic flow and customer accessibility. The property's zoning and permitted uses should be verified independently with the relevant authorities. This is a rare opportunity to acquire a strategically located commercial land parcel in a thriving area. The property's size and location make it suitable for a wide range of commercial developments, including restaurants, retail outlets, or other businesses that benefit from high visibility and convenient access. Serious inquiries are encouraged to explore the possibilities of this prime commercial land. The latitude and longitude coordinates are 40.8221842 and -74.409702 respectively.

    Property Features for 476 New Jersey 10

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Unit E
    Size
    0 SF

    HighLights

    • High visibility from Route 10.
    • Excellent access from Route 10 and Troy Hills Road.
    • Route 10 boasts 33,055 vehicles per day.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Map

    City
    Hanover
    County
    Morris
    State
    New Jersey
    Longitude
    -74.409702
    Latitude
    40.8221842

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    FAQs

    What type of property is this?
    Restaurant - Two-acre pad site, ideal for drive-thru.
    Where is this restaurant located?
    The property is located at 476 New Jersey 10 Hanover, NJ.
    What are key features of this property?
    This property features: High visibility from Route 10.; Excellent access from Route 10 and Troy Hills Road.; Route 10 boasts 33,055 vehicles per day.
    Request Owner's contact information
    476 New Jersey 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
    476 New Jersey 10 Hanover, NJ 07981
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