1105 State Route 10 9,040 SF Retail Building Randolph, NJ 07869 $1,895,000 ($209.62/SF) 6.50% Cap Rate

INVESTMENT HIGHLIGHTS

  • High traffic NJ-10 highway
  • Well constructed 2017 and renovated in 2020
  • 2.321 acres and a great building with two apartments

EXECUTIVE SUMMARY

Reduced! Now $1,895,000 A well appointed commercial Building Renovated and expanded in 2017 to 9,040 sf, two apartments on the top floor, 2.33 Acres on Highway NJ-10, a major business corridor connecting Morristown and Roxbury. It is a rare find. Serious Inquiries Only.
The restaurant fixtures and liquor license are being offered for sale separately.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Distress Sale
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,040 SF
Building Class
B
Year Built
1950
Price
$1,895,000
Price Per SF
$209.62
Cap Rate
6.50%
NOI
$123,175
Tenancy
Single
Building Height
2 Stories
Building FAR
0.09
Lot Size
2.32 AC
Zoning
Commercial - C PO/R Commercial, Professional Office, Residential
Parking
54 Spaces (5.97 Spaces per 1,000 SF Leased)
Frontage
414’ on State Route 10

AMENITIES

  • Signage
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • La Strada Restaurant
  • Retailer
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
La Strada Restaurant Retailer - - -

NEARBY MAJOR RETAILERS

CrossFit
Jazzercise

PROPERTY TAXES

  • Listing ID: 35555321

  • Date on Market: 4/18/2025

  • Last Updated:

  • Address: 1105 State Route 10, Randolph, NJ 07869