9 Mount Pleasant TpkeDenville, NJ 07834

Property Details for 9 Mount Pleasant Tpke

Year built

1987

Lot size

0.93 AC

Property size (Sq ft)

9,348 SF

Zone code

B2-A

Property type

Other commercial real estate

APN

08 21301-0000-00006

APU

821301000000006

Description

This exceptional two-story Class B medical office building, situated at 9 Mt Pleasant Turnpike in Denville, New Jersey (zip code 07834), presents a compelling investment opportunity. The property encompasses 10,000 square feet of net rentable space, distributed across seven units within a single building on a 0.93-acre lot. Currently, the building enjoys 50% occupancy, offering immediate income potential and significant upside for a new owner. The building is zoned B2-A, allowing for a variety of medical uses. Its prime location offers unparalleled visibility and accessibility, situated directly off Route 10E and conveniently across from The Shoppes at Union Hill, home to popular retailers such as Trader Joe's, Panera Bread, and Starbucks. Ample parking is available for tenants and visitors. This multi-tenant property is offered under a Net Net lease structure, making it an attractive option for investors seeking a stable and potentially high-return investment. The building's owner-occupied status further enhances its appeal. This is a rare opportunity to acquire a well-located, established medical office building with significant growth potential in a thriving New Jersey market. The property is located in Morris County.

• Alternative Use

  Use

  Valuation

  Residential

  $1,952,808

  Hospitality

  $1,788,761

  Educational

  $1,488,228

  Medical

  $1,539,411

  Retail

  $2,315,022

Location Insight

City

Denville

County

Morris

State

New Jersey

Latitude

40.8657

Longitude

-74.5095

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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