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11 Waterview Blvd 120,441 SF 4-Star Office Building Parsippany, NJ 07054 For Sale
INVESTMENT HIGHLIGHTS
- Easy access to major interchanges: I-287, Routes 202 & 46
- Adjacent to new retail center featuring Whole Foods, Ulta, Shake Shack & others
- Located in densely populated market with superior access to major employment hubs
- Prime industrial or townhome redevelopment opportunity
EXECUTIVE SUMMARY
Offers due March 3, by 5:00 p.m. (ET). Hilco Real Estate presents 11 Waterview Blvd. is a 8.2± AC redevelopment opportunity to either industrial or townhome use, with convenient access to I-287 and prominent thoroughfares like U.S. Route 202 and U.S. Route 46. Positioned within a thriving regional employment hub, the site benefits from a dense, highly educated workforce and the area’s continued growth, highlighted by newly developed shopping centers.
With its expansive acreage and redevelopment potential, this property offers exceptional repositioning opportunities, making it ideal for developers looking to build an industrial facility or residential for sale townhomes. This versatility presents potential for profitable investments for those looking to capitalize on the area’s ongoing growth and economic momentum.
Parsippany-Troy Hills, commonly known as Parsippany, is located in Morris County New Jersey. With a consistent population growth since 2010, the U.S. Census Bureau estimates the 2023 population to be close to 56,300 people, making it one of the most populous municipalities in Morris County.
Parsippany’s growth is further highlighted by recent development projects starting within a five-mile radius of this site. Toward the end of 2024, two former office complexes were sold for redevelopment, with plans to convert the Lanidex Plaza location into a 140,000± SF industrial facility and the Hilton Court property into a 123,000± SF warehouse. Earlier, in the summer of 2024, a large residential building was completed on a site that was formerly an office park.
Being just 27 miles from Manhattan and 18 miles from Newark, the city has become a popular destination for commuters drawn to its suburban charm and easy access to major highways like Interstates 80, 280 and 287. With a growing population and the rise of commercial developments, Parsippany offers opportunities for families seeking a dynamic community and developers looking to capitalize on emerging possibilities.
With its expansive acreage and redevelopment potential, this property offers exceptional repositioning opportunities, making it ideal for developers looking to build an industrial facility or residential for sale townhomes. This versatility presents potential for profitable investments for those looking to capitalize on the area’s ongoing growth and economic momentum.
Parsippany-Troy Hills, commonly known as Parsippany, is located in Morris County New Jersey. With a consistent population growth since 2010, the U.S. Census Bureau estimates the 2023 population to be close to 56,300 people, making it one of the most populous municipalities in Morris County.
Parsippany’s growth is further highlighted by recent development projects starting within a five-mile radius of this site. Toward the end of 2024, two former office complexes were sold for redevelopment, with plans to convert the Lanidex Plaza location into a 140,000± SF industrial facility and the Hilton Court property into a 123,000± SF warehouse. Earlier, in the summer of 2024, a large residential building was completed on a site that was formerly an office park.
Being just 27 miles from Manhattan and 18 miles from Newark, the city has become a popular destination for commuters drawn to its suburban charm and easy access to major highways like Interstates 80, 280 and 287. With a growing population and the rise of commercial developments, Parsippany offers opportunities for families seeking a dynamic community and developers looking to capitalize on emerging possibilities.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
120,441 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
2001/2008
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
40,147 SF
Slab To Slab
13’
Building FAR
0.34
Lot Size
8.21 AC
Zoning
POD, Parsippany-Troy - POD
Parking
400 Spaces (3.32 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Atrium
- Controlled Access
- Conferencing Facility
- Fitness Center
- Food Service
- Wheelchair Accessible
- Reception
- Recessed Lighting
- Drop Ceiling
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 29-00421-4-00004 | Improvements Assessment | $5,170,100 |
| Land Assessment | $3,426,000 | Total Assessment | $8,596,100 |
PROPERTY TAXES
Parcel Number
29-00421-4-00004
Land Assessment
$3,426,000
Improvements Assessment
$5,170,100
Total Assessment
$8,596,100
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11 Waterview Blvd
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