ADDRESS
62 E Park Place
Morristown, NJ 07960
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Level wooded and open lot in light industrial zone. Permitted use is warehouse and distribution. Possible permitted use as data center. Estimated usable area is 35% or 6.3 acres which equates to 270,000 sq.ft. Estimating 60% for building coverage equates to 162,00 0 sq.ft. Could be more bassed on accurate design for parking and traffic circulation. Property being sold subject to approval for maximum building coverage permitted by ordinance times $18.00 per sq. ft. or approximatley $2,900,000. There is a small older home on site being sold "AS IS" since likely to be removed for site plan approval. As to data possible center, there is a strong under burden layer of limestone fro maintaining a constant temperature. The site is also in the Cannabis Business Overlay Zone. This zone allows for Cannabis growing.
3 weeks ago | Listing updated with changes from the MLS® | |
3 months ago | Listing first seen on site |
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