40 1St AveDenville, NJ 07834

  • Other commercial real estate
  • 3,558 SF
For Sale
$4,000 View listing

Property Details for 40 1St Ave

Year built
1955
Construction
CONCRETE BLOCKS
Lot size
0.07 AC
Property size (Sq ft)
3,558 SF
Zone code
B-1
Property type
Other commercial real estate
APN
08 50303-0000-00077
APU
850303000000077

Description

This exceptional commercial property, located at 40 First Avenue in Denville, New Jersey, presents a unique leasing opportunity. The 3,558 square foot space sits above a thriving convenience store, ensuring high visibility and foot traffic. Currently configured as an open floor plan, the space previously housed a martial arts studio, showcasing its adaptability for a wide range of commercial uses. The high ceilings contribute to a spacious and airy atmosphere, while ample natural light creates a welcoming environment. The property is situated on a 0.07-acre lot, offering convenient access and parking opportunities (details to be confirmed). The asking lease price is $4,000 per month. This prime location in Denville offers easy access to major transportation routes, making it an ideal choice for businesses seeking a vibrant and accessible location. The open floor plan allows for flexible layouts to suit diverse business needs, and the previous use as a martial arts studio highlights the structural integrity and suitability for various activities. The high ceilings and abundant natural light are key features that enhance the overall appeal and functionality of the space. This is an excellent opportunity for a business seeking a well-located, versatile, and attractive commercial space in a thriving community. Interested parties should inquire for further details and scheduling a viewing.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $743,205
    Hospitality
    $680,772
    Educational
    $566,394
    Medical
    $585,873
    Retail
    $881,057
40 1St Ave, Denville, New Jersey

Location Insight

City
Denville
County
Morris
State
New Jersey
Latitude
40.8935
Longitude
-74.4764
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$17,437
$282,300
$364,700
$647,000
-
$282,300
$364,700
$647,000

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