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    FOR LEASE
    Super regional malls

    490 E Main St, Denville, NJ 07834

    10,902 SF 1.25 ac lot Built 1989
    Entity Owned 15-yr Hold ~ Est. High Equity
    Property ID
    US59-1407065
    Property summary
    AI-generated overview

    This exceptional 10,580 square foot multi-tenant property, located at 490 E Main St in Morris County, offers a fantastic opportunity for retail and medical businesses. The building features two suites, with 2,800 square feet currently vacant and divisible into spaces ranging from a minimum of 1,200 square feet to a maximum contiguous space of 1,600 square feet. The flexibility allows for businesses of various sizes to find the perfect fit. The property boasts ample parking with 54 spaces available for tenants and their clients. The strategic location between Route 10 and Route 46 ensures high visibility and easy accessibility for customers and employees, benefiting from significant traffic flow on both major roadways. The available spaces are adaptable and can be vented to accommodate a range of uses, making them ideal for medical practices or other retail businesses requiring specific ventilation systems. This property presents a rare chance to secure a well-situated space in a thriving Morris County location. The building's convenient access and flexible space options make it an attractive proposition for businesses seeking a prominent presence in a high-traffic area. Don't miss this opportunity to establish your business in this desirable location.

    Property profile
    Verified
    Property type Super regional malls
    Use group REGIONAL SHOPPING CENTER, MALL
    Year built 1989
    Total area 10,902 SF
    Lot 1.25 ac (54,319 SF)
    Zoning code B-3
    APN 08 31301-0000-00004
    UPID US59-1407065
    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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.58M
    Owner & transaction history
    Milelli Of Denville LLC · 15 yrs held
    Milelli Of Denville LLC
    since 2011
    2 recorded transactions
    2011
    $850,000
    1969
    Zoning & alternative use
    B-3 · Denville, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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