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Property profile & analytics
OFF-MARKET
Warehouses

1561 Us-46 Parsippany-Troy Hills, NJ 07054

22,440 SF
Property ID
Property summary
AI-generated overview

This exceptional retail opportunity in Parsippany Hills Village, Morris County, offers a total of 22,440 square feet of leasable space within a multi-tenant building. Four suites are available, ranging from a minimum of 1,800 square feet to a maximum contiguous space of 5,600 square feet. A highly desirable feature is the potential to combine two existing spaces: a former 1,800-square-foot print shop and a former 5,600-square-foot grocery store, creating a combined 7,400-square-foot space. In addition to the retail spaces, there's also 2,100 square feet of readily available storage space. The property boasts ample parking with 90 spaces for customer and employee convenience. Currently, 9,500 square feet of space is vacant, presenting a unique opportunity for businesses seeking immediate occupancy. This prime location in Morris County offers excellent visibility and accessibility, making it an ideal choice for a variety of retail ventures. The flexible space options cater to businesses of various sizes, from smaller startups to larger established companies. Don't miss this chance to secure your ideal retail space in a thriving community.

Property profile
Verified
Property type Warehouses
Total area 22,440 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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