424 Main St. RteRockaway, NJ 07834

Property Details for 424 Main St. Rte

Year built

1975

Lot size

1.40 AC

Property size (Sq ft)

16,700 SF

Property type

Mixed-use properties

Property subtype

Other retail properties

Description

This exceptional mixed-use property, located at 424 W Main St. (Route 46) in Denville, NJ, presents a lucrative investment opportunity. The 16,700 square foot building sits on a 1.4-acre lot comprised of two parcels (1.1 acres and 0.3 acres) and boasts six units currently occupied by a mix of short and long-term tenants, generating immediate income. The property is zoned for Retail/Office use, allowing for diverse development possibilities. Built in 1975, the building offers a blend of creative office, executive office, and storefront spaces, catering to a variety of businesses. The asking price is $1,990,000, translating to $119.16 per square foot. Existing tenants include retail, office, and auto repair businesses, providing a stable income stream while development plans are pursued. The short-term leases offer flexibility for future redevelopment, allowing for continued rent collection during the approval process. This prime location in Morris County, NJ (zip code 07834) offers excellent visibility and accessibility along Route 46 in Rockaway. This property is ideal for investors seeking a strong return on investment with immediate cash flow and significant upside potential.

Location Insight

City

Rockaway

County

Morris

State

New Jersey

Latitude

40.8977

Longitude

-74.4964

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