295 US Highway 46 | Rockaway, NJ 07866
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- LoopNet Team
295 US Highway 46
Rockaway, NJ 07866
Rockaway Plaza - Value-Add Shopping Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Two-story commercial building on a ~7 acre lot with on-grade access on both floors, making it suitable for many uses.
- Over 400 FT of frontage on heavily trafficked Route 46 allowing tenants strong branding opportunities.
- Surrounded by national and regional retailers, ideally located adjacent to a large residential population creating a large customer base.
- 41% of the center is vacant allowing an investor or owner-user to reposition the site and substantially increase cash flow.
- Located within 7 minutes to/from both Route 80 and Route 10.
PROPERTY FACTS
Property Type
Retail
Building Size
96,470 SF
Building Class
B
Year Built/Renovated
1945/2008
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
2 Exterior
Building FAR
0.33
Lot Size
6.78 AC
Zoning
H-C (Highway Commercial
Parking
177 Spaces (1.83 Spaces per 1,000 SF Leased)
Frontage
427’ on US Highway 46
AMENITIES
- Freeway Visibility
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 34-00040-01-00039 | Improvements Assessment | $2,692,400 |
| Land Assessment | $1,947,600 | Total Assessment | $4,640,000 |
PROPERTY TAXES
Parcel Number
34-00040-01-00039
Land Assessment
$1,947,600
Improvements Assessment
$2,692,400
Total Assessment
$4,640,000
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