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Property profile

461 Rte Paramus, NJ 07652

OFF-MARKET
Retail properties & Spaces
View Sample
16,920 SF

Property summary

AI-generated overview

This exceptional 16,920 square foot, two-story freestanding retail building is ideally situated on Route 17 South in Paramus, New Jersey. The entire space, totaling 16,920 square feet, is currently vacant and available for lease. This presents a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to occupy a minimum of 8,460 square feet. The flexible layout allows for customization to suit various business needs. The property boasts ample parking with 56 spaces available for customers and employees. Located in Bergen County, this high-traffic location offers unparalleled visibility and accessibility, making it an ideal space for businesses seeking significant exposure. The building's prominent position on Route 17 ensures high foot traffic and easy access for customers. The property's size and layout offer significant potential for a variety of retail uses. With its convenient location, ample parking, and substantial square footage, this property represents a compelling investment opportunity in a thriving retail market. The address is 461 Route 17, Paramus, NJ 07652. The property is classified as commercial retail with multiple tenancy options.

Property profile

Verified
Property type Retail properties & Spaces
Total area 16,920 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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