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Property profile & analytics
OFF-MARKET Estimated value $1,350,000
Commercial real estate

20 1st Ave Denville, NJ 07834-2863

13,311 SF 0.62 ac lot Built 1950
Entity Owned Absentee Owner Free & Clear
Property ID
US59-1036304
Property summary
AI-generated overview

This exceptional retail property, located at 20 1st Ave in Denville, New Jersey, offers a fantastic opportunity for a discerning business. The building boasts a total of 13,000 square feet, with 3,000 square feet currently available for lease. This single-tenant space is ideal for a variety of retail uses, providing ample room for expansion and growth. The property is situated in Morris County, within easy reach of major transportation routes, ensuring high visibility and accessibility for customers. The building includes 25 convenient parking spaces, ensuring ample parking for both employees and customers. The property's location in Denville, NJ, 07834, offers a thriving commercial environment with a strong customer base. The available 3,000 square feet presents a blank canvas for a business to establish its presence and thrive. This is a rare opportunity to secure a well-located, spacious retail space in a desirable market. The property's size and parking provisions make it an attractive option for businesses seeking to establish a significant presence in the area. Don't miss this chance to secure a prime retail location in a vibrant New Jersey community. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Total area 13,311 SF
Lot 0.62 ac (27,007 SF)
Zoning code B-1
APN 08 50303-0000-00061
UPID US59-1036304
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.51M
Comparable Approach Comparable
$1.25M
Blend (final) Blend
$1.35M
Owner & transaction history
Melridge LLC
Melridge LLC
since 2026
4 recorded transactions
2026
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B-1 · Denville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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