ADDRESS
62 E Park Place
Morristown, NJ 07960
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$1,700,000
239 Days On Site
24 Little Falls RdFairfield Twp., NJ 07004
For Sale|Retail|Pending
0
Beds
0
Full Baths
0
Partial Baths
4,584
SqFt
$371
/SqFt
1979
Built
County:
Essex
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Prime Commercial Property- Prime commercial real estate property located in the heart of Fairfield.- Features a shopping strip with five distinct units suitable for various businesses.- Offers ample parking, attracting a steady flow of customers.- Strategically located near major routes RT 48 and 80 for high visibility and easy access.- Low rent that has remained unchanged for the past seven years.- Opportunity for the new owner to increase the rent by 10% to 15% with a new triple net lease agreement.- All units are currently occupied, demonstrating sustained demand.- Tenants are responsible for their own utilities, reducing the owner's operational costs.- Presents a lucrative investment opportunity with immediate returns and promising future growth.This prime property is a commercial real estate gem located in the bustling heart of Fairfield. It features a shopping strip with five distinct units, each boasting its own unique potential for various retail or service-based businesses. ------------------------------------
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Listing Snapshot
Price
$1,700,000
Days On Site
239 Days
Bedrooms
N/A
Inside Area (SqFt)
4,584 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.66 Acres
Year Built
1979
MLS® Number
3893940
Status
Pending
Property Tax
$15,779
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 2 weeks ago | Listing updated with changes from the MLS® | |
| a month ago | Status changed to Pending | |
| 8 months ago | Listing first seen on site |
General Features
Acres
0.66
Number Of Stories
1
Property Sub Type
Retail
Security
Smoke Detector(s)
Sewer
Public Sewer
SqFt Total
4584
Utilities
Cable AvailableUnderground Utilities
Water Source
Public
Zoning
Commercial
Interior Features
Basement
Partial
Cooling
Central Air
Flooring
Laminate
Heating
BaseboardNatural Gas
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Exterior Features
Construction Details
Brick
Lot Features
Level
Listing courtesy of RE/MAX SELECT 9738653225
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Neighborhood & Commute
Source: Walkscore
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