180 Parsippany RdParsippany-Troy Hills, NJ 07054

Property Details for 180 Parsippany Rd

Lot size

0.03 AC

Property size (Sq ft)

2,320 SF

Zone code

B-3

Property type

Office properties

APN

29 00387-0000-00001- 12

APU

290038700000000112

Description

This exceptional 1,100-square-foot retail space is perfectly situated for immediate occupancy. Located on a 0.27-acre lot, this single-tenant property boasts a newly renovated interior (2024), offering a "vanilla box" finish ready for your business's unique design and build-out. The building is a single-story structure, part of a larger complex providing ample parking with 100+ spaces available. Previously approved for use as a pizzeria, this versatile space presents endless possibilities for a variety of retail businesses. The property's convenient location ensures high visibility and accessibility for customers. The complete renovation, resulting from a prior fire, ensures a modern and safe environment for your business operations. This is a fantastic opportunity to establish your presence in a thriving commercial area with a significant parking advantage. The "vanilla box" condition allows for complete customization to perfectly match your business needs and brand identity. Don't miss this chance to secure this prime retail space. Act quickly, as opportunities like this are rare.

• CAP approach

  CAP return

  Valuation

  6%

  $423,147

  6.5%

  $390,598

  7%

  $362,698

• Comparable approach

  Method

  Valuation

  Relative Method

  $303,540

  Geo Method

  $303,131

• Alternative Use

  Use

  Valuation

  Residential

  $484,341

  Hospitality

  $443,654

  Educational

  $369,115

  Medical

  $381,809

  Retail

  $574,178

Location Insight

City

Parsippany

County

Morris

State

New Jersey

Latitude

40.8592

Longitude

-74.4265

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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