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295 US Highway 46 100,007 SF 87% Leased Retail Building Rockaway, NJ 07866 For Sale
Investment Highlights
- High Visibility
- Easily Accessible
- Strong Traffic Counts
- Value Add Opportunity
- Strong Retail Trade Area
Executive Summary
RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of Rockaway Plaza ? Rockaway, NJ. Rockaway Plaza is a high-visibility highway retail center that affords an new owner the opportunity to reposition this property to retenant the center with larger tenants that can add to the centers neighborhood appeal. A true value add opportunity in the near and long term. Situated on approximately 6.43 acres with over 320 feet of frontage along US Route 46, the property offers excellent exposure to regional traffic with strong branding opportunities for retail tenants. The multi-tenant center consists
of abundant surface parking and a diverse mix of long-term regional and national tenants, creating a steady customer draw. Originally constructed in the mid-20th century, Rockaway Plaza features flexible retail spaces with immediate availability, making it suitable for a range of retail, service, and consumer-facing uses. It is strategically located to major commuter routes and surrounded by dense residential neighborhoods, which enhances accessibility and supports consistent foot traffic.
of abundant surface parking and a diverse mix of long-term regional and national tenants, creating a steady customer draw. Originally constructed in the mid-20th century, Rockaway Plaza features flexible retail spaces with immediate availability, making it suitable for a range of retail, service, and consumer-facing uses. It is strategically located to major commuter routes and surrounded by dense residential neighborhoods, which enhances accessibility and supports consistent foot traffic.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
100,007 SF
Building Class
B
Year Built/Renovated
1945/2008
Percent Leased
87%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
2 Exterior
Building FAR
0.34
Lot Size
6.78 AC
Zoning
H-C (Highway Commercial
Parking
202 Spaces (2.02 Spaces per 1,000 SF Leased)
Frontage
427’ on US Highway 46
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 34-00040-01-00039 | Improvements Assessment | $2,692,400 |
| Land Assessment | $1,947,600 | Total Assessment | $4,640,000 |
Property Taxes
Parcel Number
34-00040-01-00039
Land Assessment
$1,947,600
Improvements Assessment
$2,692,400
Total Assessment
$4,640,000
Contacts
-
Seth Pollack -
Florian Suserman -
Jonathan Corbiscello -
Samantha Zawadzki -
RIPCO Real Estate
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295 US Highway 46
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