74 S Powder Mill Rd
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74 S Powder Mill Rd
4,300 SF Office Building Morris Plains, NJ 07950 $1,300,000 ($302/SF)
Investment Highlights
- Off bustling Route 10 highway
- Parking lot exclusive with tons of parking
- Separate entrances for suites
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.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Sale Condition
Build to Suit
Property Type
Office
Property Subtype
Building Size
4,300 SF
Building Class
C
Year Built
1986
Price
$1,300,000
Price Per SF
$302
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,150 SF
Building FAR
0.11
Land Acres
0.91 AC
Zoning
R-1M, Morris Plains - Commercial/Residential
Parking
18 Spaces (4.19 Spaces per 1,000 SF Leased)
1 of 1
PROPERTY TAXES
| Parcel Number | 29-00015-1-00001 | Total Assessment | $465,800 |
| Land Assessment | $289,600 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $176,200 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
29-00015-1-00001
Land Assessment
$289,600
Improvements Assessment
$176,200
Total Assessment
$465,800
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
-
Jacqueline Scura -
Jackie Scura Compass Real Estate
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74 S Powder Mill Rd
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