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1106 Route 46 4,000 SF 100% Leased Retail Building Parsippany, NJ 07054 $3,100,000 ($775/SF)
Executive Summary
Prime Busy Location. Retail Center With Around 4,000 Sqft Can Be Subdivided With 4 Units Situated On A.0452 Acre Site. Over 30 parking spaces. At Present Livwell Pharmacy Occupies 980 Sft. Wants To Expand To Two Units. The Prospective Purchaser Wants Whole Building Vacant, The Seller Will Provide At Closing. Busy Rt 46 Corridor Across From Big Shopping Center Consist Of Applebee, McDonald, La Fitness Center,Panera Bread, Mchaels. Located by the only light where you are able to make a U-turn.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,000 SF
Building Class
C
Year Built
1985
Price
$3,100,000
Price Per SF
$775
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.45 AC
Zoning
B-2
Parking
30 Spaces (7.5 Spaces per 1,000 SF Leased)
Frontage
66’ on W Us-46
Amenities
- Freeway Visibility
- Pylon Sign
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 29-00717-0000-00015 | Improvements Assessment | $325,300 |
| Land Assessment | $423,800 | Total Assessment | $749,100 |
Property Taxes
Parcel Number
29-00717-0000-00015
Land Assessment
$423,800
Improvements Assessment
$325,300
Total Assessment
$749,100
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1106 Route 46