ADDRESS
62 E Park Place
Morristown, NJ 07960
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$3,990,000
37 Days On Site
101 South AveCranford Twp., NJ 07016
For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
4,050
SqFt
$985
/SqFt
County:
Union
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UNBELIEVABLE: BANK OF AMERICA LONG TERM GROUND LEASE, 4,050 SF BANK BUILDING WITH DOUBLE DRIVE THROUGH LANES, HARD CORNER SIGNALIZED INTERSECTION IN AFFLUENT CRANFORD TOWNSHIP, UNION COUNTY LOCATION, 30K VEHICLES PER DAY, LESS THAN 1/2 MILE FROM CRANFORD NJ TRANSIT STATION, FOUR (4) FIVE (5) YEAR RENEWAL OPTIONS WITH 20% RENT INCREASES EACH OPTION, BANK OF AMERICA (NYSE:BAC) HAS A STANDARD & POOR'S CREDIT RATING OF A-/STABLE, $67M+ DEPOSITS AT THIS LOCATION, EXCELLENT DEMOGRAPHICS WITH OVER 461K PEOPLE WITHIN 5 MILES AND AN AVERAGE HOUSEHOLD INCOME OVER$167K, EASY ACCESS TO MANY LOCAL HIGHWAYS INCLUDING 1 - 95, GARDEN STATE PARKWAY, ROUTE 22, 28, 9 AND I-78, MANY NATIONAL RETAILERS INCLUDING DUNKIN DONUTS, HOME DEPOT, SHOPRITE, McDONALDS, QUICK CHECK, WAWA AND WENDY'S, NOI: $319,440 CAP RATE: 8.00 %
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Listing Snapshot
Price
$3,990,000
Days On Site
37 Days
Bedrooms
N/A
Inside Area (SqFt)
4,050 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.47 Acres
Year Built
N/A
MLS® Number
3989060
Status
Active
Property Tax
$47,595
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 4 days ago | Price changed to $3,990,000 | |
| 5 days ago | Listing updated with changes from the MLS® | |
| a month ago | Listing first seen on site |
General Features
Acres
0.47
Number Of Stories
1
Security
Smoke Detector(s)
Sewer
Public Sewer
SqFt Total
4050
Utilities
Natural Gas Available
Water Source
Public
Zoning
COMMERCIAL
Interior Features
Flooring
CarpetLaminate
Heating
Natural Gas
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Exterior Features
Construction Details
Brick
Lot Features
Level
Roof
Asphalt
Listing courtesy of BHHS FOX & ROACH
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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