700 Plaza DrSecaucus, NJ 07094

  • Retail properties
  • 8.07 AC
For Lease
$21/SF/YR View listing

Property Details for 700 Plaza Dr

Year built
1984
Lot size
8.07 AC
Zone code
RC
Property type
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $85,433,816
    6.5%
    $78,861,984
    7%
    $73,228,984
  • Comparable approach

    Method
    Valuation
    Relative Method
    $115,745,560
    Geo Method
    $115,745,560
  • Alternative Use

    Use
    Valuation
    Residential
    $66,523,036
    Hospitality
    $60,934,744
    Educational
    $50,696,992
    Medical
    $52,440,540
    Retail
    $78,861,984
700 Plaza Dr, Secaucus, New Jersey

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

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
$840,605
$4,040,900
$18,297,800
$22,338,700
-
$4,040,900
$18,297,800
$22,338,700

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