1561 Us-46 Parsippany-Troy Hills, NJ 07054
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.