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Property profile

55 Rte Paramus, NJ 07652

OFF-MARKET
Retail properties & Spaces
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22,364 SF Built 2000

Property summary

AI-generated overview

This exceptional Class A retail property, located at 55 E. Route 4 in Paramus, NJ, offers 22,364 square feet of space in a single-tenant building constructed in 2000. The property sits on a combined 1.72 acres, encompassing two parcels (Block 604, Lot 10 and Block 604, Lot 8), and includes 839 square feet of warehouse space, perfect for storage or back-of-house operations. Ample parking is provided with 63 surface spaces. The building boasts a 450 amp, 3-phase power supply, ensuring sufficient power for a variety of retail businesses. Its strategic location offers easy access to major transportation arteries, including I-17 and Route 4, as well as convenient proximity to the Anderson Street and New Bridge Landing commuter rail stations (Pascack Valley Line). Furthermore, the property benefits from its close proximity to three major airports: LaGuardia (30-minute drive), Newark Liberty International (37-minute drive), and Westchester County Airport (50-minute drive). This property presents a unique opportunity for businesses seeking a high-visibility location in a thriving retail market. The property's APN is (#1) Block 604, Lot 10, (#2) Block 604, Lot 8, and the zip code is 07652. The entire building is currently vacant.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2000
Total area 22,364 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

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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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