Located in the heart of a bustling commercial district lies this prime parcel of vacant land, offering an unparalleled opportunity for residential development. Spanning 30,622+/- square feet, this expansive lot boasts full approval for the construction of 20 residential units (16 market & 4 affordable), making it an ideal canvas for developers seeking to capitalize on the demand for urban living.
Unlock the potential of prime commercial real estate strategically situated in the highly coveted area of Parsippany, NJ. This lot, conveniently located on Rt 46, is not just land; it's a canvas awaiting the brushstrokes of your visionary enterprise. Whether you're dreaming of a dynamic quick food service outlet or envisioning a bank that caters to the community. Take the first step towards turning your commercial dreams into reality.
The median home value in Parsippany, NJ is $543,200. This is lower than the county median home value of $546,600. The national median home value is $338,100. The average price of homes sold in Parsippany, NJ is $543,200. Approximately 46.81% of Parsippany homes are owned, compared to 49.49% rented, while 3.7% are vacant. Parsippany real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Parsippany real estate agent to arrange a tour today!
Parsippany, New Jersey 07054 has a population of 21,931. Parsippany 07054 is less family-centric than the surrounding county with 36.87% of the households containing married families with children. The county average for households married with children is 37.96%.
The median household income in Parsippany, New Jersey 07054 is $96,096. The median household income for the surrounding county is $123,727 compared to the national median of $69,021. The median age of people living in Parsippany 07054 is 40 years.
The average high temperature in July is 83.8 degrees, with an average low temperature in January of 18.7 degrees. The average rainfall is approximately 50.4 inches per year, with 29.2 inches of snow per year.