4 John St Morristown, NJ 07960-4287

Property Details for 4 John St

Year built

1945

Construction

TYPE NOT SPECIFIED

Lot size

1.83 lot acres

Property size

10,892 SF

Zone code

I-21

Property type

Commercial real estate

APN

22 10102-0000-00002

APU

2210102000000002

Description

This exceptional investment opportunity presents a five-building mixed-use portfolio totaling 22,230 square feet on a 1.83-acre lot in Morristown, New Jersey. The property, comprised of an auto shop, restaurant, and warehouse spaces, currently boasts four tenants with 43% occupancy. Seven individual units are spread across the five freestanding masonry buildings, originally constructed in 1970 with renovations in 1990. The property features ample parking for 100 vehicles, with potential for an additional 118 spaces after 6 PM. Currently, the site includes a builder, car detailer, bookstore, and yard maintenance business. Vacant spaces include approximately 2,500 square feet of office space and a restaurant/lounge/club space with an outdoor beer garden. Tenants are responsible for their own utilities and building maintenance. This prime location offers excellent access to major roadways, including Routes 287, 80, 46, 10, and 24/78, and is within walking distance of the train station and Morristown Center. The property is priced to sell and presents a compelling value-add opportunity for both end-users and investors. Note that an adjacent 1.7-acre parking lot and a separately-owned, liquor-licensed restaurant (11,000+ sq ft) are available for purchase.

Location Insight

City

Morristown

County

Morris

State

New Jersey

Longitude

-74.4636

Latitude

40.8019

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments