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126 Route 10
Succasunna, NJ 07876
Value-Add Mixed-Use Asset in Morris County · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Highly visible 5,820 SF two-story mixed-use retail and office building on Route 10 West in Morris County seeing over 31,000 vehicles per day.
  • Immediate opportunity to add value and boost NOI through lease up or occupancy of the second-floor space.
  • THIRTY (30) DAY CLOSING EXTENSION OPTION AVAILABLE (60 days total to close)
  • Ground level fully leased to Arthur Murray Dance School (world's largest ballroom dance company - 270 studios in 22 countries).
  • Second Floor (currently vacant) features 7 separate built out office suites. Convenient access to Interstate 80 and Routes 46 and 206.
  • Exceptional opportunity for a user or investor to acquire a highly-visible asset along Route 10.

PROPERTY FACTS

Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,820 SF
Building Class
B
Year Built
1987
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.26
Lot Size
0.51 AC
Parcel Number
36-03701-0000-00017
Zoning
B-2 - https://ecode360.com/34589700#34591081
Parking
26 Spaces (4.47 Spaces per 1,000 SF Leased)
  • Listing ID: 33769521

  • Date on Market: 11/6/2024

  • Last Updated:

  • Address: 126 Route 10, Succasunna, NJ 07876

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