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    151 South St Morristown, NJ 07960

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    For Lease
    Contact for pricing

    2380 SF retail space with excellent visibility and parking.

    Property size:
    2,380 SF
    Lot size:
    0.18 Acres

    Property Features for 151 South St

    General Information

    Size
    2,380 SF
    Lot size
    0.18 Acres

    Source: Newmark & Associates, Inc. Agent David Bieber

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space on South Street

    This 2380 square foot retail space offers excellent visibility and frontage on South Street. The current layout includes a kitchenette, private restrooms, a conference room, and open space. It features dedicated parking and entrances from both South Street and the rear parking lot. The location is next door to Swiss Chalet Bakery and across from Cluck U Chicken and The Teaching Room. It is also within walking distance to the Morristown Green, shops, and restaurants, and is located 0.3 miles from the Morristown NJ Transit Train Station. The property was previously used as a bank.
    Insight Report Location Intelligence

    Current Use by Public Records

    Glassworks Studio Art Studio ATM Somerset Hills ... Bank Or Atm Cozy Formal Wear Tuxedo Shop Lakeland Bank Loan Agency

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Law Firm Clothing Store Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4768059
    Latitude
    40.7923569

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    FAQs

    What type of property is this?
    Retail space - 2380 SF retail space with excellent visibility and parking.
    Where is this retail space located?
    The property is located at 151 South St Morristown, NJ.
    What are key features of this property?
    This property features: - Excellent visibility and frontage on South Street.; - Dedicated parking for your convenience.; - Walking distance to the Morristown Green, shops, and restaurants.
    (973) 216-1395
    Request Owner's contact information
    151 South St Morristown, NJ 07960
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    Morristown, NJ 07960
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    151 South St Morristown, NJ 07960
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