By Order of the Chapter 11 U.S. Bankruptcy Court - District of New Jersey, Case No. 24-20311-JKS
Offered at public auction as part of a Chapter 11 bankruptcy case, this 28+/- acre property, in Montville, New Jersey, presents a rare redevelopment or repositioning opportunity in Morris County. AUCTION DATE/TIME/LOCATION: September 17 | 1pm | On-site
Located at 96 and 97 River Road, the site currently operates as Condursos Garden Center and is improved by a variety of structures including multiple commercial greenhouses, a retail and office building, a single-family residence, and various utility outbuildings. The property is well-situated with frontage on River Road and is zoned to support commercial, industrial, or potentially mixed-use applications (buyers should confirm zoning with Montville Township).
Beautiful Morris County across from the Knoll Golf Club, minutes to Routes 80 & 287 and close to Parsippany and West Caldwell water. Public water and sewer, gas in the street.
With a blend of infrastructure in place and substantial open acreage, the property is ideal for entrepreneurs, developers, or investors looking to acquire real estate with both current functionality and long-term potential.
• Total Acreage: 28.79+/- acres (two parcels)
• Buildings & Structures:
• Commercial greenhouses – multiple structures historically used for propagation and display.
• Retail/Office Building – approximately 5,300 sq. ft.
• Single-Family Home – 1,595+/- sq. ft., occupied by owner (non-rent-paying)
• Storage sheds, barns, garages – for equipment and materials
• Utilities: City water and sewer, electric service present
• Topography: Mostly level and cleared in operational areas; potential for expansion or redevelopment
• Access: Approximately 1,030 feet of road frontage on each side of River Road
John Dobos | NJ RE License #0674597
PREVIEWS: August 7 | 11am – 1pm; August 21 | 11am – 1pm; September 4 | 11am – 1pm
TERMS: Deposit: $100,000, in certified funds, as a qualification to bid. Deposit to be increased to equal ten percent (10%) of purchase price (high bid + buyer's premium) within three (3) business days of auction. Buyer's Premium: Eight percent (8%). Closing: Before October 31, 2025. Sold in As-Is condition, no contingencies. Sale subject to Terms and Conditions - see Property Information Package. Broker participation welcome - please call for details.
BUYER’S PREMIUM: Eight Percent (8.0%) BROKERS: One-and-a-half Percent (1.5%)