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74 S Powder Mill Rd 4,300 SF 100% Leased Office Building Morris Plains, NJ 07950 $1,535,512 CAD ($357.10 CAD/SF)



EXECUTIVE SUMMARY
Welcome to an exceptional investment property located in the heart of Parsippany just off the bustling Route 10! Commercial/residential let it be your choice! Continue to utilize the commercial units to rent out or design your dream home. This expansive multi-use office building offers a versatile space perfect for a variety of business needs. With 4 units total 3 on the first floor and 1 on the 2nd floor w/ separate entrances and exits this property is designed for convenience and functionality. The building is equipped with a total of 1 full bath and 3 half baths ensuring comfort and accessibility for both staff and clients. Ample parking is available on the side and rear of the building with the potential to expand the parking lot towards the wooded area accommodating even more vehicles. Situated near a thriving residential area this property presents a unique opportunity to attract residential clientele providing endless possibilities for growth and development. With a touch of TLC and your vision, transform this space into a premier office or suite rental destination. Don't miss out on the chance to make this prime Parsippany location your next successful venture
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
4,300 SF
Building Class
C
Year Built
1985
Price
$1,535,512 CAD
Price Per SF
$357.10 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,150 SF
Building FAR
0.11
Lot Size
0.91 AC
Zoning
R-1M, Morris Plains - Commercial/Residential
Parking
18 Spaces (4.19 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 29-00015-1-00001 | Improvements Assessment | $247,075 CAD |
| Land Assessment | $406,089 CAD | Total Assessment | $653,163 CAD |
PROPERTY TAXES
Parcel Number
29-00015-1-00001
Land Assessment
$406,089 CAD
Improvements Assessment
$247,075 CAD
Total Assessment
$653,163 CAD
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74 S Powder Mill Rd
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