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Property Detail

New Jersey 10
Highly visible 5,820 SF two-story mixed-use retail and office building on Route 10 West .
$350,000

Description

  • Highly visible 5,820 SF two-story mixed-use retail and office building on Route 10 West seeing over 31,000 vehicles per day.
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  • Immediate opportunity to add value and boost NOI through lease up or occupancy of the second-floor space.
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  • Morris County location with convenient access to Interstate 80 and Routes 46 and 206.
  • Ground level fully leased to Arthur Murray Dance School (world's largest ballroom dance company - 270 studios in 22 countries).
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  • Second Floor (currently vacant) features 7 separate built out office suites.
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  • Exceptional opportunity for a user or investor to acquire a highly-visible asset along Route 10.

Executive Summary

126 Route 10 is a freestanding, two-story retail and office building that spans 5,820 square feet on a 0.51-acre lot in the upscale Roxbury Township. Positioned directly on Route 10, this high-visibility property benefits from exposure to over 31,000 vehicles daily, making it ideal for businesses seeking high traffic. The property enjoys seamless connectivity, with direct access off Route 10 and close to major highways, including Highway 46 and Interstate 80, making it convenient for clients, employees, and customers. The surrounding area hosts an array of major retailers like Kohl’s, The Home Depot, Walmart Supercenter, and Bank of America, drawing substantial daily traffic. Nearby parks, local businesses, and top-rated public schools enhance the location’s appeal, creating a vibrant, community-oriented environment supporting retail and professional tenants.

Located within Morris County, one of the wealthiest counties in the US, the area boasts a robust population of over 110,000 with an annual median household income of over $100,000 within a 5-mile radius. The property is part of the sought-after Western Morris office submarket, which maintains a low vacancy rate and rising rental rates year over year. Positioned for success, 126 Route 10, a multi-tenant asset, presents a rare chance to secure a high-quality, high-exposure asset in a prime, affluent location with robust growth potential.

Value-Add Mixed-Use Asset in Morris County

Listing ID : 00634

SKU: 634

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Price History

DateEventPrice
December 5 2024Listed$350,000.00