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389 Dover Chester Rd Randolph Twp., NJ 07869
11,900 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 11,900 sqft
Price per Sqft $189
Subdivision Ironia
MLS Listing ID 3975070
Year Built 1955
Annual Tax Amount $38,863
Tax Year 2024
Lot Size 1.370 Acres
Property Description
We are pleased to present an exceptional opportunity to acquire a fully stabilized, income-producing retail asset located in one of the most affluent and sought-after areas in the region. This strip mall consists of 8 fully leased units, offering immediate and reliable cash flow backed by a strong tenant base and long-term lease agreements. The center is strategically anchored by the United States Postal Service (USPS), a nationally recognized, credit-rated tenant that generates consistent daily foot traffic and serves as a major driver of visibility and consumer activity for the property. In addition to USPS, the property is home to a diverse mix of well-established local tenants, each contributing to the location's strong identity and long-standing community presence. Positioned along a highly trafficked road, the property benefits from excellent frontage, visibility, and access, as well as a robust consumer demographic with high household incomes and strong retail demand. Ample on-site parking, with 64 dedicated spaces, further enhances customer convenience and tenant appeal. The property sits within an economically vibrant and demographically attractive market. Surrounded by national retailers along Rt 10, upscale residential communities, and well-performing schools, the area continues to show strong population growth and retail performance metrics. The affluent customer base provides a reliable foundation for ongoing tenant success and long-term asset appreciation.
Location
State NJ
County Morris
Zoning B-1
Interior
Heating Gas-Natural
Cooling 4+ Units, Central Air
Equipment Floor Drains, Restrooms - Private, Sign - Building, Sign - Freestanding
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available Gas-Natural
Roof Type Flat
Building
Lot Description Level Lot
Story 2
Sewer Septic
Water Well
Others
Ownership Fee Simple
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Listed by C-21 CHRISTEL REALTY