712 State Route 10 Whippany, NJ 07981
- Commercial real estate
- 2,104 SF
- 1.67 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 712 State Route 10
- Year built
- 1940
- Construction
- FRAME
- Lot size
- 1.67 lot acres
- Property size
- 2,104 SF
- Zone code
- B
- Property type
- Commercial real estate
- APN
- 12 08802-0000-00001
- APU
- 1208802000000001
Description
This exceptional 1.67-acre commercial property, located at 712 State Route 10, Unit 0, in Whippany, NJ, presents a unique investment opportunity. The property boasts a prime location directly on Route 10, ensuring high visibility and accessibility for any business. The expansive 2,100 square foot building offers significant potential for a variety of uses. The zoning permits both office and retail trade uses, making it ideal for a diverse range of businesses. This versatile property is particularly well-suited for contractors or online businesses seeking a prominent location with ample space. The substantial lot size provides significant room for expansion or future development. While the existing structure offers immediate usability, the land itself represents the primary value proposition. Please note that outside storage and heavy distribution are not permitted under the current zoning regulations. This property is priced at $1,200,000 and represents a compelling investment in a high-traffic area with strong growth potential. Serious inquiries are encouraged to explore the possibilities this exceptional location offers. The property is ready for immediate occupancy and offers a rare opportunity to establish a thriving business in a highly visible and convenient location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,040,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,025,000
- 6.5%
- $895,000
- 7%
- $1,050,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $960,000
- Geo Method
- $1,070,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $860,000
- Retail
- $1,020,000
- Mixed-Use
- $845,000
- Hospitality
- $905,000
- Educational
- $1,040,000
- Residential Income
- $975,000
- Energy
- $825,000
- Income-Based Land
- $865,000
- Food Service
- $880,000
Location Insight
- Map
- Local Demand
- City
- Whippany
- County
- Morris
- State
- New Jersey
- Longitude
- -74.419
- Latitude
- 40.8255
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA