ADDRESS
62 E Park Place
Morristown, NJ 07960
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$1,850,000
74 Days On Site
992 Clifton AveClifton City, NJ 07013
For Sale|Office|Active
0
Beds
0
Total Baths
5,040
SqFt
$367
/SqFt
1970
Built
County:
Passaic
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973-349-0459
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Located on a high-visibility main road in the heart of Clifton, NJ this fully renovated 5,040 sq. ft. commercial building offers exceptional potential for professional office use. Recently leased to a stable, long-term tenants. The property generates a solid Net Operating Income (NOI) with a over a 7% cap rate Situated in a highly desirable area known for attracting recession-resistant businesses, this asset promises long-term stability and minimal management concerns. With strong market fundamentals and a strategic location, this is an ideal opportunity for investors seeking consistent cash flow and dependable tenancy.
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Listing Snapshot
Price
$1,850,000
Days On Site
74 Days
Bedrooms
N/A
Inside Area (SqFt)
5,040 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.17 Acres
Year Built
1970
MLS® Number
3969677
Status
Active
Property Tax
$23,744
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 2 months ago | Listing updated with changes from the MLS® | |
| 2 months ago | Listing first seen on site |
General Features
Acres
0.17
Number Of Stories
2
Parking
Shared Driveway
Property Sub Type
Office
Sewer
Public Sewer
SqFt Total
5040
Utilities
Natural Gas Available
Water Source
Public
Zoning
B-A
Interior Features
Basement
Unfinished
Heating
Natural Gas
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Exterior Features
Construction Details
Brick
Lot Features
Corner Lot
Listing courtesy of KELLER WILLIAMS REALTY
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 © 2025 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 © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Neighborhood & Commute
Source: Walkscore
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