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    171 Park Ave Florham Park, NJ 07932

    For Lease
    Contact for pricing

    Restaurant pad available for lease with potential liquor license.

    Property size:
    7,500 SF
    Lot size:
    9.22 Acres

    Property Features for 171 Park Ave

    General Information

    Size
    7,500 SF
    Lot size
    9.22 Acres

    Source: CBRE | Philadelphia Suburban Agent Jay Miller

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

    Overview

    Restaurant Pad with Liquor License

    A proposed multi-tenant building offers approximately 9,300 square feet of space. An approximately 7,500-square-foot restaurant pad is available. The location offers good access and visibility. A liquor license is potentially available. The average household income within a five-mile radius exceeds $190,271. The daytime population within a five-mile radius is over 170,560 people.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Wholesale Shop Hotel & Motel Pharmacy Gym & Fitness Department Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Florham Park
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4306852
    Latitude
    40.7791017

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    FAQs

    What type of property is this?
    Restaurant - Restaurant pad available for lease with potential liquor license.
    Where is this restaurant located?
    The property is located at 171 Park Ave Florham Park, NJ.
    What are key features of this property?
    This property features: - High Average Household Incomes: Over $190,271 within a 5-mile radius.; - High Daytime Population: Over 170,560 people within a 5-mile radius.; - Restaurant Pad: Approx. ±7,500 SF restaurant pad is already planned.
    (610) 251-0820
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    171 Park Ave Florham Park, NJ 07932
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    Florham Park, NJ 07932
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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
    171 Park Ave Florham Park, NJ 07932
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