241-243 Rock Road
Downtown Glen Rock Retail/Office Asset | Strong Visibility, Walkable, Parking
Marketing description
241-243 Rock Rd, Glen Rock, NJ is a multi-tenant storefront retail/office asset located in the Central Business District of downtown Glen Rock along the Route 208 Corridor. The property contains approximately 4.700 SF of rentable area with a full unfinished based accessible by three of the tenants in a two-story masonry building situated on 0.17 acres, with 43’ of frontage on Rock Road and approximately 100 ‘ of frontage on Valley Road with 6 surface parking spaces in the rear.
The building is configured for diversified tenancy with seven (7) rentable spaces, providing multiple income streams and reduced rollover risk versus single-tenant assets. Current occupants include store front tenants: Suka Jewelry and Prominent Builders as well as a mix of professional office tenants including Marc M. Radin PC (Accounting), Stay Golden Psychiatric and Alpha Health. Two office spaces were recently vacated.
Investment highlights
Prime Route 208 Corridor Location: Well‑located property benefiting from strong visibility, traffic counts, walkability, and limited competing supply in the immediate area.
Durable Real Estate with Strong Land Value Floor: Underlying land and corridor positioning support long‑term value independent of current income, providing downside protection and optionality for future ownership.
Value‑Add Opportunity with Stabilization Potential: The property is positioned for a new owner to enhance cash flow through targeted leasing, expense optimization, and gradual rent increases toward market, driving meaningful NOI and valuation growth over time.
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