14 Ridgedale AveHanover Township, NJ 07927
- Office properties
- 50,400 SF
Property Details for 14 Ridgedale Ave
- Year built
- 1975
- Lot size
- 4.38 AC
- Property size (Sq ft)
- 50,400 SF
- Zone code
- IP
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 12 01101-0000-00011
- APU
- 1201101000000011
Description
This exceptional two-story office building, constructed in 1975, offers 50,400 square feet of space, with a currently available 1,025-square-foot suite ideal for executive or medical office use. The building features a passenger elevator, providing convenient access to both floors. Each floor encompasses approximately 25,200 square feet, with generous 12-foot unfinished ceiling heights. Ample surface parking is available with 300 spaces. The property is zoned IP and enjoys a highly convenient location near major highways, providing easy access for employees and clients. Nearby amenities include Wegmans, ShopRite, Starbucks, Panera Bread, Seasons 52, and the Capital Grille, enhancing the appeal and convenience of this location. The building is situated near the Hanover Marriott and Parsippany Hilton hotels, as well as a daycare facility. This exceptional property offers a blend of functionality, accessibility, and prime location, making it an ideal choice for businesses seeking a professional and convenient workspace. The minimum divisible space is 1,025 square feet, and the maximum contiguous space currently available is also 1,025 square feet. The building allows for extended hours of operation, offering flexibility for tenants.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $9,191,943
- 6.5%
- $8,484,871
- 7%
- $7,878,808
-
Comparable approach
- Method
- Valuation
- Relative Method
- $6,594,136
- Geo Method
- $6,585,264
-
Alternative Use
- Use
- Valuation
- Residential
- $10,521,240
- Hospitality
- $9,637,399
- Educational
- $8,018,203
- Medical
- $8,293,961
- Retail
- $12,472,760
Location Insight
- City
- Cedar Knolls
- County
- Morris
- State
- New Jersey
- Latitude
- 40.8298
- Longitude
- -74.4465
- 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 Lease
FAQs
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