201-572-9297

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Storefront Retail/Residential - FOR SALE
null | 5% Cap Rate

117-119 Morris St
Morristown, NJ 07960
Downtown Morristown


OVERVIEW

Fully occupied mixed-use retail property offered for sale in a prime Morristown location. The first floor is occupied by a restaurant tenant, while the second floor consists of two residential units, including one 2-bedroom and one 1-bedroom apartment. The property offers additional upside potential, with the possibility of adding more units subject to town approval (buyer to verify). All units are separately metered for utilities, supporting efficient management and reduced operating expenses. This well-located asset presents an attractive opportunity for investors seeking stable income with future growth potential.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

B

APN/PARCEL ID

24-04702-0000-00035

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201-572-9297

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Baldo DattoloBaldo DattoloMore Info
201-572-9297

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.