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$2,250,000 - 389 Dover Chester Rd, Randolph Twp.

-
Bedrooms
-
Baths
11,900
SQ. Feet
1.37
Acres

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.

Essential Information

  • MLS® #:
    3975070
  • Price:
    $2,250,000
  • Square Footage:
    11,900
  • Acres:
    1.37
  • Year Built:
    1955
  • Type:
    Commercial
  • Status:
    Active

Community Information

  • Address:
    389 Dover Chester Rd
  • Subdivision:
    Ironia
  • City:
    Randolph Twp.
  • County:
    Morris
  • State:
    NJ
  • Zip Code:
    07869-3927

Amenities

  • Utilities:
    Gas-Natural
  • Parking:
    Blacktop, Parking Lot-Exclusive

Interior

  • Heating:
    Gas-Natural
  • # of Stories:
    2

Exterior

  • Exterior:
    Brick
  • Lot Description:
    Level Lot
  • Roof:
    Flat

Additional Information

  • Date Listed:
    July 14th, 2025
  • Days on Market:
    4
  • Zoning:
    B-1

Listing Details

  • Listing Office:
    C-21 Christel Realty

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Listing information last updated on July 19th, 2025 at 12:34am EDT.