11 Waterview Blvd, Parsippany-Troy Hills, NJ 07054

Offer Deadline: March 3, by 5:00 p.m. (ET)

11 Waterview Blvd. is a 8.2± AC redevelopment opportunity to either industrial or townhome use, with convenient access to I-287 and prominent thoroughfares like U.S. Route 202 and U.S. Route 46. Positioned within a thriving regional employment hub, the site benefits from a dense, highly educated workforce and the area’s continued growth, highlighted by newly developed shopping centers.

With its expansive acreage and redevelopment potential, this property offers exceptional repositioning opportunities, making it ideal for developers looking to build an industrial facility or residential for sale townhomes. This versatility presents potential for profitable investments for those looking to capitalize on the area’s ongoing growth and economic momentum.

Parsippany-Troy Hills, commonly known as Parsippany, is located in Morris County New Jersey. With a consistent population growth since 2010, the U.S. Census Bureau estimates the 2023 population to be close to 56,300 people, making it one of the most populous municipalities in Morris County.

Parsippany’s growth is further highlighted by recent development projects starting within a five-mile radius of this site. Toward the end of 2024, two former office complexes were sold for redevelopment, with plans to convert the Lanidex Plaza location into a 140,000± SF industrial facility and the Hilton Court property into a 123,000± SF warehouse. Earlier, in the summer of 2024, a large residential building was completed on a site that was formerly an office park.

Being just 27 miles from Manhattan and 18 miles from Newark, the city has become a popular destination for commuters drawn to its suburban charm and easy access to major highways like Interstates 80, 280 and 287. With a growing population and the rise of commercial developments, Parsippany offers opportunities for families seeking a dynamic community and developers looking to capitalize on emerging possibilities.