ADDRESS
62 E Park Place
Morristown, NJ 07960
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$1,675,000
38 Days On Site
1508 Front StScotch Plains Twp., NJ 07076
For Sale|Office|Active
0
Beds
0
Total Baths
1,800
SqFt
$931
/SqFt
1960
Built
County:
Union
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This property was previously used as a construction and overhead garage company for many years. The lot behind the main building is approximately 70' x 140'. In addition, there is a second building on the property facing 111 Terrill Road, currently leased to Rita's Ice and Subway, providing steady rental income. The Front Street building offers approximately 1,200 sq. ft. of office space, along with a 600 sq. ft. garage ideal for running your own business while benefiting from two existing income-producing tenants to help offset the mortgage. The property is zoned B-2, . Located in an X Flood Zone, no flood insurance is required. The lot behind the building offers potential rental income . . Potential cap rate of 10%
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Listing Snapshot
Price
$1,675,000
Days On Site
38 Days
Bedrooms
N/A
Inside Area (SqFt)
1,800 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.47 Acres
Year Built
1960
MLS® Number
3989304
Status
Active
Property Tax
$22,629
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| a month 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
Parking
Gravel
Property Sub Type
Office
Sewer
Public Sewer
SqFt Total
1800
Utilities
Natural Gas Available
Water Source
Public
Zoning
B-2
Interior Features
Heating
Natural Gas
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Exterior Features
Construction Details
Brick
Roof
Asphalt
Listing courtesy of ERA SUBURB 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
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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