700 Plaza DrSecaucus, NJ 07094

Property Details for 700 Plaza Dr

Year built

1984

Lot size

8.07 AC

Zone code

RC

Property type

Super regional malls

APN

09 00227-0000-00005-0306-HM

APU

09002270000000050306HM

Description

The Plaza at Harmon Meadow, located at 700 Plaza Drive in Secaucus, New Jersey (zip code 07094), offers a unique retail and restaurant investment opportunity. This multi-tenant shopping center boasts a total of 188,724 square feet, with 8,324 square feet currently vacant and immediately available for lease. The available space is contiguous, providing flexibility for a variety of uses. Space sizes range from 405 square feet to the maximum contiguous 8,324 square feet, catering to businesses of various scales. The property's prime location in Secaucus, New Jersey, ensures high visibility and accessibility for potential tenants. The property is classified as both retail and restaurant space, making it suitable for a wide range of businesses. The former restaurant space presents a unique opportunity for a new culinary concept or a business seeking a ready-made space. This is an exceptional chance to secure a prominent location within a well-established shopping center in a thriving New Jersey market. The property's address is easily accessible via major roadways, ensuring convenient access for customers and employees alike. Interested parties are encouraged to inquire about lease terms and availability. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $66,498,100

  6.5%

  $61,382,800

  7%

  $56,998,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $47,768,000

  Geo Method

  $47,768,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $119,702,000

  Mixed-Use / Specialty

  $61,164,000

  Hospitality / Lodging

  $44,874,100

  Office

  $60,800,600

  Institutional / Educational

  $63,585,900

  Residential Income

  $74,395,500

  Multifamily

  $89,225,900

  Automotive / Energy

  $54,502,200

  Parking / Income-Based Land

  $18,808,000

  Restaurant / Food Service

  $31,811,900

  Healthcare / Senior Housing

  $62,722,500

Location Insight

City

Secaucus

County

Hudson

State

New Jersey

Latitude

40.7866

Longitude

-74.0453

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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