11 Philips Pky, Montvale, NJ 07645

This commercial property, located at 11 Philips Pky in Montvale, NJ 07645, presents a significant opportunity within the OR-4 zoning district. The building encompasses 62,000 square feet of space, constructed in 1998. It is classified as a Class A building, standing two stories high. The property is meticulously maintained and offers ample parking, contributing to its overall appeal for various business needs.

The current tenancy structure is multiple, suggesting a versatile layout capable of accommodating several occupants or a single large enterprise. This multi-tenant configuration can be advantageous for investors seeking diversified rental income or for an owner-user looking to occupy a portion of the space while leasing out the remainder. The property's classification as an investment or owner-user property underscores its adaptability to different strategic objectives.

The building's design and construction date from 1998, indicating a relatively modern facility that may incorporate contemporary building standards and systems. The two-story configuration provides a substantial footprint for operations, potentially allowing for distinct functional areas on each level. The ample parking is a key amenity, crucial for businesses that experience high customer or employee traffic, ensuring convenience and accessibility.

This offering at 11 Philips Pky is well-suited for entities looking to acquire a substantial commercial asset in Montvale. The combination of its size, building class, and strategic location within a commercial zone makes it a notable prospect. The property's meticulous maintenance history further enhances its value proposition, suggesting a well-cared-for asset ready for its next phase of operation or investment.