Current Use by Public Records
- Retail properties & Spaces
Property Details for 531 Rte
- Lot size
- 0.70 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional 1,774 square foot free-standing retail building is situated on a 0.7-acre lot at a signalized intersection in Hanover, New Jersey, offering unparalleled visibility and accessibility. Located on Route 10 (33,055 vehicles per day) and Whippany Road (17,633 vehicles per day), this property benefits from high traffic volume and direct access to Route 287. The building is ideal for a variety of uses, including restaurants, medical offices, fitness centers, retail stores, or salons/wellness businesses. Approved renovation plans are available. Ample parking is provided, exceeding 5 spaces per 1,000 square feet. This service-center building is in a densely populated area with a strong retail market, making it an excellent investment opportunity. The property is available for both sale and lease. The address is 531 Route 10, Hanover, NJ 07981, within Morris County. This location offers a unique blend of high visibility and convenient access, making it an attractive option for businesses seeking a thriving retail environment. The property's size and ample parking make it suitable for a range of commercial ventures.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hanover
- County
- Morris
- State
- New Jersey
- Longitude
- -74.413
- Latitude
- 40.8219
