490 Main StDenville, NJ 07834

Property Details for 490 Main St

Year built

1989

Lot size

1.25 AC

Property size (Sq ft)

10,902 SF

Zone code

B-3

Property type

Retail properties

Property subtype

Super regional malls

APN

08 31301-0000-00004

APU

831301000000004

Description

This exceptional 10,580 square foot multi-tenant property, located at 490 E Main St in Morris County, offers a fantastic opportunity for retail and medical businesses. The building features two suites, with 2,800 square feet currently vacant and divisible into spaces ranging from a minimum of 1,200 square feet to a maximum contiguous space of 1,600 square feet. The flexibility allows for businesses of various sizes to find the perfect fit. The property boasts ample parking with 54 spaces available for tenants and their clients. The strategic location between Route 10 and Route 46 ensures high visibility and easy accessibility for customers and employees, benefiting from significant traffic flow on both major roadways. The available spaces are adaptable and can be vented to accommodate a range of uses, making them ideal for medical practices or other retail businesses requiring specific ventilation systems. This property presents a rare chance to secure a well-situated space in a thriving Morris County location. The building's convenient access and flexible space options make it an attractive proposition for businesses seeking a prominent presence in a high-traffic area. Don't miss this opportunity to establish your business in this desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,924,385

  6.5%

  $2,699,432

  7%

  $2,506,616

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,594,492

  Geo Method

  $3,589,628

• Alternative Use

  Use

  Valuation

  Residential

  $2,277,072

  Hospitality

  $2,085,786

  Educational

  $1,735,350

  Medical

  $1,795,031

  Retail

  $2,699,432

Location Insight

City

Denville

County

Morris

State

New Jersey

Latitude

40.8762

Longitude

-74.4802

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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