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$2,250,000

Added 1 month ago

389 Dover Chester Rd, Randolph, NJ

Real Estate

For Sale

Listed price in listed location currency (USD).
$2,250,000

Added 1 month ago

08-0
  • Key Facts
  • Description
  • Map

Key Facts

Type Business
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $38,863
Days Active 30
Approx. Age 1955
MLS® Number 3975070

Property Address: 389 Dover Chester Rd, Randolph, New Jersey

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number3975070
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1955
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatHeat Source: Gas-Natural, Heating Type: 4+ Units
A/C4+ Units, Central Air
Heating Fuel

Extras

Building & Land
389 Dover Chester Rd, Randolph, NJ

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