REIT Sale | Former Bank of America | 2,875 SF | 99 Howard Blvd
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REIT Sale | Former Bank of America | 2,875 SF 99 Howard Blvd
2,875 SF Retail Building Mount Arlington, NJ 07856 For Sale
INVESTMENT HIGHLIGHTS
- 2,875 SF Freestanding Former Bank of America available at Substantial Discount Below Replacement Cost
- Adjacent to Quick Check and Courtyard by Marriot
- +-390’ of frontage with (2) Curb cuts
- Located at Signalized Intersection with +-16,000 VPD
- Neighboring Tenants: Holiday Inn, Cracker Barrel, Dunkin’, Exxon; NJ Department of Transportation
- Zoned-B1 offers a Variety of Uses
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to offer for sale a vacant, free-standing retail building located at 99 Howard Boulevard, Mount Arlington New Jersey. Formerly occupied by Bank of America the Property is being offered significantly below replacement cost, providing an excellent opportunity for owner/users or investors to acquire a highly visible and strategically positioned asset at a significant discount.
The Property consists of a one-story, free-standing retail building containing ±2,875 gross square feet, with 26 parking spaces including 2 ADA spaces, on a ±1.05-acre parcel. Located at a signalized intersection adjacent to Quick Check and Courtyard by Marriott the property offers +-390’ of frontage on a busy corridor with +-16,000 VPD.
Known for its picturesque scenery, recreational activities, and peaceful suburban environment Mount Arlington is a popular destination and part of affluent Morris County, New Jersey. Situated about 40 miles west of New York City, it offers convenient access to major highways including Interstate 80, Route 46, Route 206 and Route 15. Strong Demographics with ±39,000 people within a 3-mile area and an AHHI of ±$94,862.
Peter Costanzo
c/o Fisher Auction Company, Inc.
License: BK No. 8910502
The Property consists of a one-story, free-standing retail building containing ±2,875 gross square feet, with 26 parking spaces including 2 ADA spaces, on a ±1.05-acre parcel. Located at a signalized intersection adjacent to Quick Check and Courtyard by Marriott the property offers +-390’ of frontage on a busy corridor with +-16,000 VPD.
Known for its picturesque scenery, recreational activities, and peaceful suburban environment Mount Arlington is a popular destination and part of affluent Morris County, New Jersey. Situated about 40 miles west of New York City, it offers convenient access to major highways including Interstate 80, Route 46, Route 206 and Route 15. Strong Demographics with ±39,000 people within a 3-mile area and an AHHI of ±$94,862.
Peter Costanzo
c/o Fisher Auction Company, Inc.
License: BK No. 8910502
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
2,875 SF
Building Class
C
Year Built
1920
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.05 AC
Zoning
B1 - B-1 zoning in the Borough of Mount Arlington, New Jersey is a business zone that allows retail, professional, and service establishments
Parking
37 Spaces (12.87 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Banking
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 26-00061-0000-00023-02 | Improvements Assessment | $713,757 CAD |
| Land Assessment | $701,696 CAD | Total Assessment | $1,415,453 CAD |
PROPERTY TAXES
Parcel Number
26-00061-0000-00023-02
Land Assessment
$701,696 CAD
Improvements Assessment
$713,757 CAD
Total Assessment
$1,415,453 CAD
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REIT Sale | Former Bank of America | 2,875 SF | 99 Howard Blvd
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