144 W State Route 4
Paramus, NJ 07652
Chakra Restaurant Site | Prime Location · Retail Property For Sale
PROPERTY FACTS
ABOUT 144 W STATE ROUTE 4 , PARAMUS, NJ 07652
The Jonna Group of Marcus & Millichap is pleased to present the exclusive listing for a rare, prime retail site located in affluent Paramus, NJ. The subject property is situated on 1.08 acres, making it an ideal build-to-suit or redevelopment for many investment-grade tenants looking for supreme market share in Paramus. The subject property benefits from being situated in a prime retail trade zone with excellent frontage and visibility along busy NJ Route 4, and within walking distance to the famous Westfield Garden State Plaza– the most profitable mall in America that is undergoing a massive renovation through 2022. The subject site is strategically located and well positioned on the consistently busy NJ Route 4 that sees over 133,000 vehicles traveling per day. The Paramus borough is one of the largest shopping destinations in the country, generating over $6 billion in annual retail sales, more than any other ZIP Code in the United States. A suburb of New York City, Paramus is located 15 miles northwest of Midtown Manhattan and approximately 8 miles west of Upper Manhattan. The Wall Street Journal characterized Paramus as "quintessentially suburban". The spending levels generated by the malls have made Paramus one of the top retail ZIP Codes in the country.
PROPERTY TAXES
| Parcel Number | 46-00108-0000-00007 | Improvements Assessment | $13,112,700 |
| Land Assessment | $6,440,000 | Total Assessment | $19,552,700 |
