629 Parsippany Rd - Office FOR SALE


Parsippany, NJ 07054
$4,999,999 USD
973-216-7107
629 Parsippany Rd, Parsippany, NJ for Sale
$4,999,999 USD
Office - FOR SALE
1/2
null | 7.92% Cap Rate

629 Parsippany Rd
Parsippany, NJ 07054


HIGHLIGHTS

  • Excellent Investor Opportunity with Solid 10 Year plus lease in place
  • Perfect for a 1031 x. Ready for a Quick Close
  • Handicapped Accessible with multiple entrances
  • Easy access to Rt. 287, 80, 24, Morristown,
  • Ample Covered Parking with over 100 Parking spots

OVERVIEW

This offering presents a fully leased ±30,000 square foot office building situated on 2.1 acres in a highly visible, high-traffic location. The property benefits from long-term tenancy, with over 10 years remaining on the lease, providing stable and predictable income. The building offers excellent regional accessibility, with convenient access to Routes 287, 80, and 24, making it an ideal location .An elevator services all floors, and the property features ample covered parking with over 100 spots, enhancing convenience for tenants and visitors. Zoned B-2 (Business / Highway Development), the site supports a variety of commercial uses and benefits from prominent signage along a well-traveled corridor, ensuring strong visibility and branding opportunities. This is perfect for a 1031. Please call for a tour. This is a prime investment opportunity in a sought-after location, combining long-term income stability with exceptional access and exposure.

FOR SALE DETAILS

PRICE

$4,999,999 USD

PRICE/SF

$169 USD /SF

CAP RATE

7.92%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Investment Property For Sale

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

101

LAND DETAILS

LAND ACRES

2.1 AC

LAND SF

91,476 SF

ZONING

SED5,Parsippany-Troy

APN/PARCEL ID

29-00740-0000-00005

ASK ABOUT THIS PROPERTY

Nancy Stanton-TuckmanNewmark Associates CRE, LLCMore Info
973-216-7107

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Nancy Stanton-TuckmanNewmark Associates CRE, LLCMore Info
973-216-7107

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.