Properties

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.

Features

  • Heating System : 4+ Units
  • Cooling System : Central Air, 4+ Units
  • Roof Deck : Flat
  • Lot Description: Level Lot
  • Tax Assessed Valuation: 1372800
  • Sewer: Septic
  • Water: Well

Appliances

  • Utilities: Gas-Natural

Additional Info

  • Office Name: C-21 CHRISTEL REALTY
  • Office MLS ID: 035702
  • Agent ID: 260497
  • Tax: 38863
  • Tax Year: 2024
  • Application Fee: $0
  • Zoning: B-1

Commercial For Sale

For Sale
$2,250,000

389 Dover Chester Rd, Randolph Twp., *

  • SQFT 1.37 Acre
  • Built Year 1955

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5371427
  • Price: $2,250,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1955
  • Year Built Description: Approximate
  • Lot Area: 1.37 Acre
  • Status: Active
  • Days On Market: 0

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Morris
  • City Randolph Twp.
  • Zipcode *
  • Subdivision: Ironia
  • Street: Dover Chester Rd
  • Street Number: 389
  • Street Direction: Dover Chester Rd near Ironia Rd
  • Floor Number: 0
  • Longitude: W75° 22' 25.6''
  • Latitude: N40° 49' 19.8''
  • Internet Display Address: No
Property