470 Schooleys Mountain RdHackettstown, NJ 07840
- Other commercial real estate
- 4.51 AC
Property Details for 470 Schooleys Mountain Rd
- Year built
- 1983
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 4.51 AC
- Zone code
- PUD
- Property type
- Other commercial real estate
- APN
- 38 00003- 02-00001
- APU
- 38000030200001
Description
Hastings Square, located at 470 Schooleys Mountain Rd, Hackettstown, NJ 07840, presents a unique investment opportunity in a thriving commercial area. This 15,000 square foot retail and office complex, built in 2015, features twelve single-story buildings situated on a 4.51-acre lot. The property boasts 75 total parking spaces and is zoned for commercial use. Currently, the property houses a diverse mix of established businesses including a Mexican restaurant, an Italian restaurant, a gym, Rita's Ice Cream, and an insurance company, demonstrating strong tenant occupancy and market demand. Three spaces are currently available, ranging from a minimum of 1,428 square feet to a maximum contiguous space of 1,682 square feet. A total of 3,000 square feet of vacant space is available for lease. The property is classified as Class B and offers below-market rates, making it an attractive option for businesses seeking high-quality space at a competitive price. Its prominent road frontage and multiple buildings distinguish it from typical strip centers. The owner is seeking quality tenants for the available spaces. This property offers a blend of established businesses and available space, presenting a strong opportunity for growth and long-term success.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $55,860,340
- Hospitality
- $51,167,772
- Educational
- $42,570,984
- Medical
- $44,035,064
- Retail
- $66,221,532
Location Insight
- City
- Hackettstown
- County
- Morris
- State
- New Jersey
- Latitude
- 40.8294
- Longitude
- -74.8217
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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