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Investment Highlights

  • Versatile office configuration with open layout, private offices, and loft-style space.
  • Updated finishes and modern amenities suitable for diverse professional tenants.
  • Two-story design featuring natural light, high ceilings, and front and rear entrances.
  • Prominent visibility along US Highway 46 with direct access to I-287 and I-80.
  • Ample shared surface parking supporting employees and client visits.
  • Within proximity to Newark Liberty International Airport and NJ Transit commuter rail stations for regional access.

Executive Summary

The property consists of a two-story office building positioned on a 0.06-acre tract in Mountain Lakes, Morris County, New Jersey. It is located within the Parsippany submarket alongside a major highway corridor (US Route 46) and near the intersection with Interstate 287 and Route 80. Surrounding land use comprises business parks, retail centers, and established residential neighborhoods. Public utilities include natural gas, water, and sewer services. The site offers zoned office use (OL-2) under local regulations and is situated about 27 miles from Newark Liberty International Airport. County tax records reflect an assessed value tied to condominium ownership. APN/Parcel ID: 25-00116-0000-00005-01.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit C23
  • 2,542 SF
  • Office
  • $385,000 ($151.46/SF)
  • -
Sale Type Investment or Owner User
No. Parking Spaces 5
Description
Elevate your business space with this spacious office condo in Mountain Lakes Business Park with prime highway location! Second floor unit with front an back entrance. Current set up is large open floor place with waiting room, bathroom, and 5 offices- one being large enough for a conference room. The second story loft area over looks the open floor plan. Currently used as office but large enough for another conference area. Plenty of storage as well! Minutes to 287 and Route 80.
Sale Notes
This office condominium at 115 US Highway 46 offers a rare opportunity for ownership in Mountain Lakes’ well-positioned business corridor. The asset comprises an attractive two-story layout designed with flexibility, featuring an open workspace complemented by private offices, a conference-ready room, restrooms, and ample storage. With recent updates and a modern buildout, the property suits a range of professional uses. Situated along a major highway, it ensures consistent visibility and convenience for employees and clients alike. Proximity to Interstate 287 and Route 80 enhances regional connectivity, while surrounding amenities—including notable retail centers and dining options—benefit businesses seeking an accessible, well-served locale. With its condo structure, secure construction, and appealing location within Northern New Jersey's Parsippany submarket, this property aligns with investor interest in stable, income-producing environments with minimal management complexity.
Unit Unit Size Condo Use Price NOI
Unit C23 2,542 SF Office $385,000 ($151.46/SF) -

Unit C23

Unit Size
2,542 SF
Condo Use
Office
Price
$385,000 ($151.46/SF)
NOI
-

Unit C23

Unit Size 2,542 SF
Condo Use Office
Price $385,000 ($151.46/SF)
NOI -
Sale Type Investment or Owner User
No. Parking Spaces 5
Description
Elevate your business space with this spacious office condo in Mountain Lakes Business Park with prime highway location! Second floor unit with front an back entrance. Current set up is large open floor place with waiting room, bathroom, and 5 offices- one being large enough for a conference room. The second story loft area over looks the open floor plan. Currently used as office but large enough for another conference area. Plenty of storage as well! Minutes to 287 and Route 80.</li></ul>
Sale Notes
This office condominium at 115 US Highway 46 offers a rare opportunity for ownership in Mountain Lakes’ well-positioned business corridor. The asset comprises an attractive two-story layout designed with flexibility, featuring an open workspace complemented by private offices, a conference-ready room, restrooms, and ample storage. With recent updates and a modern buildout, the property suits a range of professional uses. Situated along a major highway, it ensures consistent visibility and convenience for employees and clients alike. Proximity to Interstate 287 and Route 80 enhances regional connectivity, while surrounding amenities—including notable retail centers and dining options—benefit businesses seeking an accessible, well-served locale. With its condo structure, secure construction, and appealing location within Northern New Jersey&#39;s Parsippany submarket, this property aligns with investor interest in stable, income-producing environments with minimal management complexity.</li></ul>

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 2,542 SF
Property Type Office (Condo)
Property Subtype
Medical
  • General Retail Storefront Retail/Office
  • OfficeLoft Creative Space
  • Office Office Residential
Building Class C
Floors 2
Typical Floor Size 1,271 SF
Year Built 1987
Lot Size 0.29 AC
Zoning OL-2, Mountain Lakes - Office/Laboratory District

Amenities

  • 24 Hour Access
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Major Tenant Information Click Here to Access

TENANT SF Occupied LEASE END DATE
Goosehead Insurance - Jan 0000
Paragon Data Service Inc - Jan 0000
  • Listing ID: 38625248

  • Date on Market: 12/2/2025

  • Last Updated:

  • Address: 115 US Highway 46, Mountain Lakes, NJ 07046

Contact the Sale Advisor

115 US Highway 46 - Building C23

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