695 Rt-17 Paramus, NJ 07652
- Lifestyle centers
- 13,900 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 695 Rt-17
- Year built
- 1960
- Property size
- 13,900 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 13,900 square foot multi-tenant shopping center is located at 695 Route 17 in Paramus, New Jersey, within Bergen County (zip code 07652). Built in 1960, the property boasts 100% occupancy with strong, long-term tenants, including a recently signed feminine urgent care facility. The center enjoys a prime retail location in the heart of the Paramus market, benefiting from excellent visibility and accessibility from both sides of Route 17. This high-traffic area sees over 160,000 vehicles daily. The property's strategic location offers convenient access to Route 4 and the Garden State Parkway, further enhancing its appeal and accessibility. Its proximity to the new Valley Hospital (within 2 miles) adds to its desirability. The property generates a strong net operating income (NOI) due to the stable tenancy and prime location. This presents a compelling investment opportunity for those seeking a fully leased, high-performing retail asset in a thriving market. The property is classified as Retail, Subtype Shopping Center.
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
- Paramus
- County
- Bergen
- State
- New Jersey
- Longitude
- -74.0792
- Latitude
- 40.968
