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137 N Beverwyck Rd 2,540 SF 100% Leased Retail Building Lake Hiawatha, NJ 07034 $650,000 ($255.91/SF)
Investment Highlights
- Property is on a major business corridor with strong daily foot and vehicle traffic with excellent visibility. Easy access to Routes 46, 80 and 287.
- Located in a densely populated area with a strong neighborhood feel and surrounded by many local restaurants, banks and service businesses.
Executive Summary
Two store retail building on one of Parsippany's main business corridors with strong traffic counts. Great visibility, signage and convenient street parking. Ideal for investor. One tenant is a restaurant in this location for 21 years. Second tenant is a hair salon in this location for 13 years. POTENTIAL TO INCREASE RENTS TO MARKET VALUE AT ROLLOVER.
Well maintained property with recent capital upgrades. (New roof by Landlord and new HVAC units by tenants).
Showing by appointments only, please do not disturb tenants. Contact Debby cell: 201-563-1648 or DJBenterprises18@gmail.com
Well maintained property with recent capital upgrades. (New roof by Landlord and new HVAC units by tenants).
Showing by appointments only, please do not disturb tenants. Contact Debby cell: 201-563-1648 or DJBenterprises18@gmail.com
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$49,200
|
$29.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$49,200
|
$29.36
|
| Taxes |
$9,582
|
$5.72
|
| Operating Expenses |
$6,739
|
$4.02
|
| Total Expenses |
$16,321
|
$9.74
|
| Net Operating Income |
$32,879
|
$19.62
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $49,200 |
| Annual Per SF | $29.36 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $49,200 |
| Annual Per SF | $29.36 |
| Taxes | |
|---|---|
| Annual | $9,582 |
| Annual Per SF | $5.72 |
| Operating Expenses | |
|---|---|
| Annual | $6,739 |
| Annual Per SF | $4.02 |
| Total Expenses | |
|---|---|
| Annual | $16,321 |
| Annual Per SF | $9.74 |
| Net Operating Income | |
|---|---|
| Annual | $32,879 |
| Annual Per SF | $19.62 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,540 SF
Building Class
C
Year Built/Renovated
1941/2021
Price
$650,000
Price Per SF
$255.91
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.59
Lot Size
0.10 AC
Zoning
B-5 - Neighborhood B-5 zoning: walkable Lake Hiawatha Main Street location for small retail, service, office and mixed use potential.
Frontage
40’ on North Beverwyck Road
Amenities
- Restaurant
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Churrasco Grill
- Accommodation and Food Services
- 1,520 SF
- -
- Plus Utilities
- Oct 2027
- Drem Salon
- Services
- 1,020 SF
- -
- Plus Utilities
- Mar 2027
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Churrasco Grill | Accommodation and Food Services | 1,520 SF | - | Plus Utilities | Oct 2027 | |
| Drem Salon | Services | 1,020 SF | - | Plus Utilities | Mar 2027 |
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 29-00574-0000-00060 | Total Assessment | $271,300 (2025) |
| Land Assessment | $110,000 (2025) | Annual Taxes | $9,582 ($3.77/SF) |
| Improvements Assessment | $161,300 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
29-00574-0000-00060
Land Assessment
$110,000 (2025)
Improvements Assessment
$161,300 (2025)
Total Assessment
$271,300 (2025)
Annual Taxes
$9,582 ($3.77/SF)
Tax Year
2026
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32 NBR, Inc.
137 N Beverwyck Rd
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