Rockaway Plaza - Value-Add Shopping Center | 295 US Highway 46
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Rockaway Plaza - Value-Add Shopping Center 295 US Highway 46
96,470 SF 59% Leased Retail Building Rockaway, NJ 07866 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.
Executive Summary
295 Route 46 is a ~96,470 SF shopping center in Rockaway, NJ. The center sits on a 6.78 AC lot and currently has 59% occupancy.
This value-add opportunity allows for flexible uses as it provides on-grade access on both floors, making it suitable for many uses. Additionally, the current vacancy rate allows for an investor or owner-user to reposition the site and substantially increase cash flow.
For more information or to arrange a property inspection, please contact the exclusive brokers direclty.
This value-add opportunity allows for flexible uses as it provides on-grade access on both floors, making it suitable for many uses. Additionally, the current vacancy rate allows for an investor or owner-user to reposition the site and substantially increase cash flow.
For more information or to arrange a property inspection, please contact the exclusive brokers direclty.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
96,470 SF
Building Class
B
Year Built/Renovated
1945/2008
Percent Leased
59%
Tenancy
Multiple
Number of Floors
2
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 ft on US Highway 46
Amenities
- Freeway Visibility
- Pylon Sign
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Seeking Gym User Space is divisible
| Space | Size | Space Use | Position | Available |
| 2 | 32,000 SF | Retail | In-Line | Now |
| 8 | 17,000 SF | Retail | - | Now |
2
| Size |
| 32,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
8
| Size |
| 17,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2
| Size | 32,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Seeking Gym User Space is divisible
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
8
| Size | 17,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Nearby Major Retailers
Contacts
-
Stephen Preuss -
Jonathan Corbiscello -
Florian Suserman -
Kevin Louie -
Eric Delafraz -
Samantha Zawadzki -
Ripco Real Estate
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Rockaway Plaza - Value-Add Shopping Center | 295 US Highway 46
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