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    255 State Rt 4 Paramus, NJ 07652

    Sponsored
    For Lease
    Contact for pricing

    15,000 SF Retail/Restaurant Space

    Lot size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 15,000-square-foot freestanding building presents a unique investment opportunity in the heart of Paramus's thriving retail corridor. Located on State Route 4, this property boasts unparalleled visibility and accessibility, with over 160,000 vehicles passing daily. Currently vacant, the entire 15,000 square feet is available for lease, offering flexibility for a single large tenant or the potential for division into smaller spaces. Built in 2000, the building sits on a 1.4-acre lot, providing ample space for parking and potential expansion. The site's prime location within Bergen County ensures access to an affluent demographic and a robust daytime population, making it ideal for a variety of retail or restaurant concepts. The property's configuration lends itself to redevelopment, particularly for a restaurant with a drive-thru, capitalizing on the high traffic volume and strong local demand. Pylon signage is available, further enhancing visibility and brand recognition. This is a rare chance to secure a prominent location in one of New Jersey's most successful retail markets. The property's size, location, and potential for redevelopment make it an exceptional investment opportunity with significant upside.

    Property Features for 255 State Rt 4

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,000 SF

    Building Details

    Year Built
    2000

    Unit(s) available at that property

    Space
    Available space
    Size
    15,000 SF

    HighLights

    • 15,000 SF freestanding building.
    • Divisible space available.
    • Prime retail location in Paramus's retail corridor.
    • Affluent demographics and strong daytime population.
    • Excellent highway access and high visibility, with over 160,000 vehicles passing daily.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Paramus
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0491524
    Latitude
    40.9151408

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    FAQs

    What type of property is this?
    Lifestyle center - 15,000 SF Retail/Restaurant Space
    Where is this lifestyle center located?
    The property is located at 255 State Rt 4 Paramus, NJ.
    What are key features of this property?
    This property features: 15,000 SF freestanding building.; Divisible space available.; Prime retail location in Paramus's retail corridor.
    Request Owner's contact information
    255 State Rt 4 Paramus, NJ 07652
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    Paramus, NJ 07652
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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
    255 State Rt 4 Paramus, NJ 07652
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