Downtown Transit-Oriented Retail
For Lease
Contact for pricing
2 Lackawanna Place, Morristown, NJ 07960
Retail opportunity with prominent street and NJ Transit station exposure in Morristown’s downtown transit village redevelopment.
Space Size3,356 SF - 9,800 SF
Property Size17,778 SF
Days on Market69
Property Features for 2 Lackawanna Place
General Information
Standard status
Active
Size
3,356 SF - 9,800 SF
Total Parking Spaces
62
Property subtype
Retail
Additional Details
Highway Access
Yes
Building Details
Building Size
17,778 SF
Tenancy
Multiple
Spaces For Lease
at 2 Lackawanna Place Contact us- Size
- 4,622 SF
- Type
- Retail
- Availability
- Active
Unit #1 - Building 2
- Size
- 9,800 SF
- Type
- Retail
- Availability
- Active
Unit #2 - Building 1
- Size
- 3,356 SF
- Type
- Retail
- Availability
- Active
Unit #1 - Building 1
Listing Agency:
Silbert Realty & Management Company, Inc
(908) 604-6900
Listed By:
David A Greenman · License #NJ 0337802
Source:
Crexi
Added: Jun 15
Changed: Aug 17
Last Checked: Aug 22 at 12:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Silbert Realty & Management Company, Inc
Investment Insights
Based on property information with market context.
2 Lackawanna Place is an adaptive retail opportunity within a two-building mixed-use transit village redevelopment, contiguous with 1 Lackawanna Place. The overall redevelopment includes 89 luxury apartments and features 3,150 SF of retail, with 2 Lackawanna Place offering visibility along both Morris and Elm Streets. The complex is slated for renovations and is positioned to benefit from the pedestrian and vehicular activity associated with an active downtown development environment.
The property is located in the heart of downtown Morristown and provides direct exposure to the NJ Transit train station. It is described as highly accessible, with convenient access for both foot traffic and vehicles, and is approximately 0.5 miles from exit 36 of I-287.
For retailers seeking a prominent, transit-oriented presence, this configuration supports street-facing visibility and adjacency to a major commuter hub within a growing downtown setting. The planned renovations, combined with the existing retail component tied to the apartment community, may align well with tenants looking for a contemporary retail environment within an active redevelopment context.
The property is located in the heart of downtown Morristown and provides direct exposure to the NJ Transit train station. It is described as highly accessible, with convenient access for both foot traffic and vehicles, and is approximately 0.5 miles from exit 36 of I-287.
For retailers seeking a prominent, transit-oriented presence, this configuration supports street-facing visibility and adjacency to a major commuter hub within a growing downtown setting. The planned renovations, combined with the existing retail component tied to the apartment community, may align well with tenants looking for a contemporary retail environment within an active redevelopment context.
Key Highlights
- Adaptive retail opportunity in downtown Morristown within a mixed‑use transit village redevelopment.
- Contiguous to 1 Lackawanna Place as part of a two‑building complex slated for renovations.
- Includes 3,150 SF of retail and 89 luxury apartments in the redevelopment.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
4,257
Businesses Nearby
80k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Dining 12%
Electronics 10%
Beauty & Spa 2%
Wells Fargo
Shops & Services
13,421 visits/mo
0.4 miles
7-Eleven
Shops & Services
12,982 visits/mo
0.1 miles
Bank of America
Shops & Services
9,158 visits/mo
0.3 miles
BP
Shops & Services
8,088 visits/mo
0.2 miles
Dunkin' Donuts
Dining
7,568 visits/mo
0.2 miles
Demographics for 07960, NJ
45,609
Population
18,978
Households
2.4
Avg Household Size
40
Median Age
68%
College-Educated
94%
High-School Grad
34.6 sq mi
ZIP Area
1,318
Density / Sq Mi
$149,462
Median Household Income
$75,266
Median Earnings
$2,173
Median Rent
$701,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail opportunity with prominent street and NJ Transit station exposure in Morristown’s downtown transit village redevelopment.
Where is this retail space located?
The property is located at 2 Lackawanna Place Morristown, NJ.
What are key features of this property?
This property features: Adaptive retail opportunity in downtown Morristown within a mixed‑use transit village redevelopment.; Contiguous to 1 Lackawanna Place as part of a two‑building complex slated for renovations.; Includes 3,150 SF of retail and 89 luxury apartments in the redevelopment.
