1106 Route 46 Parsippany, NJ 07054
This exceptional retail property, located at 1106 Route 46 Unit 3 in Parsippany, NJ, offers 4,000 square feet of versatile space ideally suited for a variety of businesses. Situated on a 0.45-acre lot, this prime location boasts excellent visibility and accessibility on the heavily trafficked US 46 West. The property features ample parking both in front and in the rear, ensuring convenient access for customers and employees. A separate entrance and exit provide ease of movement and enhance the overall functionality of the space. The 4,000 square feet can be subdivided into four individual units, offering flexibility for multiple tenants or the potential to expand a single business over time. The property's strategic location is directly across from a major shopping center, anchored by popular national retailers such as Applebee's, Panera Bread, and Michaels, guaranteeing high foot traffic and significant exposure to a large customer base. This presents a unique opportunity for businesses seeking a high-visibility location with convenient parking and the potential for customization to meet specific needs. The asking price is $5,000. This property is perfect for a hair salon, spa, nail salon, or professional/medical office.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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