1106 Route 46 Parsippany, NJ 07054
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 1106 Route 46
- Year built
- 1985
- Lot size
- 0.45 lot acres
- Property size
- 4,000 SF
- Property type
- Retail properties & Spaces
Description
This exceptional 4,000 square foot retail property, situated on a 0.45-acre lot at 1106 Route 46, Unit 1-4 in Parsippany, NJ, presents a remarkable investment or owner-user opportunity. Boasting a prime location between PNC and Bank of America, this property benefits from exceptional visibility on heavily trafficked US Route 46. A legal U-turn for eastbound traffic at the stoplight further enhances accessibility. The property's proximity to the Troy Hills Shopping Center ensures high foot traffic and consumer visibility. Ample parking is available both in front and rear of the building, providing convenient access for customers and employees. Separate entrances and exits optimize traffic flow and operational efficiency. A large signage area allows for prominent branding and advertising opportunities. Public transportation is readily available at the doorstep, catering to a diverse customer base. The property's convenient location near Interstate 80 provides easy access for regional customers. The space is also available for lease at $5,000 per unit, triple net. This is a rare opportunity to acquire a high-visibility retail space in a thriving commercial area.
Value Estimations
based on Realmo’s proprietary methodology
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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
- Parsippany
- County
- Morris
- State
- New Jersey
- Longitude
- -74.3861
- Latitude
- 40.8634
