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.
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
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


PROPERTY TAXES
Parcel Number | 32-00004-0000-00007-01 | Improvements Assessment | $1,006,100 |
Land Assessment | $522,200 | Total Assessment | $1,528,300 |