679-717 Rte Pequannock Township, NJ 07444
- Retail properties
- 30,000 SF
- 2.36 lot acres
Current Use by Public Records
- Retail properties
Property Details for 679-717 Rte
- Lot size
- 2.36 lot acres
- Property size
- 30,000 SF
- Property type
- Retail properties
Description
Fireside Plaza, located at 679-717 Route 23 in Pequannock Township, Morris County, New Jersey (zip code 07444), presents a compelling investment opportunity. This multi-tenant retail property boasts 30,000 square feet situated on a 2.36-acre lot. The property enjoys a prime location with exceptional visibility and accessibility, positioned at the intersection of Route 23 and Jackson Avenue. This high-traffic area sees over 50,000 vehicles daily, ensuring significant exposure for tenants. The asking price is $5,125,000, representing a strong 7.60% capitalization rate based on a Net Operating Income (NOI) of $393,600. This established retail strip center offers a solid foundation for investors seeking a stable, high-return property in a desirable New Jersey location. The property's size and location make it an ideal investment for both seasoned and emerging real estate investors. The coordinates for the property are latitude 40.9740154 and longitude -74.2895454. This is a rare opportunity to acquire a well-positioned retail center in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pequannock Township
- County
- Morris
- State
- New Jersey
- Longitude
- -74.2895
- Latitude
- 40.974
