679-717 RtePequannock Township, NJ 07444

For Sale
$5,125,000 View listing
  • Retail properties
  • 30,000 SF

Property Details for 679-717 Rte

Lot size
2.36 AC
Property size (Sq ft)
30,000 SF
Property type
Retail properties

Description

Fireside Plaza, located at 679-717 Route 23 in Pequannock Township, Morris County, New Jersey (zip code 07444), presents a compelling investment opportunity. This multi-tenant retail property boasts 30,000 square feet situated on a 2.36-acre lot. The property enjoys a prime location with exceptional visibility and accessibility, positioned at the intersection of Route 23 and Jackson Avenue. This high-traffic area sees over 50,000 vehicles daily, ensuring significant exposure for tenants. The asking price is $5,125,000, representing a strong 7.60% capitalization rate based on a Net Operating Income (NOI) of $393,600. This established retail strip center offers a solid foundation for investors seeking a stable, high-return property in a desirable New Jersey location. The property's size and location make it an ideal investment for both seasoned and emerging real estate investors. The coordinates for the property are latitude 40.9740154 and longitude -74.2895454. This is a rare opportunity to acquire a well-positioned retail center in a thriving market.

679-717 Rte, Pequannock Township, New Jersey

Location Insight

City
Pequannock Township
County
Morris
State
New Jersey
Latitude
40.974
Longitude
-74.2895

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