ADDRESS
62 E Park Place
Morristown, NJ 07960
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Prime Commercial Opportunity with Residential Income! Welcome to this exceptional property featuring a versatile 5-storefront commercial building alongside a charming 2-family home, all situated on a single parcel of land in a bustling area. This unique offering is perfect for investors and business owners looking to capitalize on high foot traffic and diverse income streams. Commercial Building Highlights: 5 Retail Storefronts: Each storefront offers excellent visibility and accessibility, ideal for a variety of businesses such as retail, restaurants, or offices. High Foot Traffic Location: Positioned in a vibrant neighborhood, the property benefits from a steady stream of potential customers. Flexible Zoning: The current zoning allows for a range of business opportunities, making it easy to adapt to your vision. Residential Features: 2-Family Home: Perfect for additional rental income or owner-occupancy. Each unit features spacious living areas, eat-in kitchens, and separate entrances for privacy. Separate Utilities: Each unit has its own utilities, simplifying management for the owner. Investment Potential: This property not only provides a prime location for business but also offers the opportunity to generate consistent rental income from the residential units. With the growing demand for both commercial and residential spaces, this is an investment opportunity of a lifetime! Don't miss out on this rare find! Schedule a viewing and explore the endless possibilities!
3 weeks ago | Listing updated with changes from the MLS® | |
3 weeks ago | Price changed to $1,675,000 | |
3 weeks ago | Listing first seen on site |
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