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    Columbia Tpke Morristown, NJ 07960

    For Sale
    $250,000

    100+ acres, prime NJ location, wetlands.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 100+ acre land parcel presents a unique development opportunity in Florham Park, New Jersey. Located at 0 Columbia Turnpike, Florham Park, NJ 07960, this property offers significant potential, situated near Morristown Airport and major transportation routes. The site is primarily comprised of wetlands. It's important to note that a 2023 Supreme Court ruling established a federal rule potentially allowing the use of 2.5 million acres of wetlands nationwide. Prospective buyers should consult with their architects and relevant governing authorities to determine the optimal use and development possibilities for this expansive property. The asking price for this significant land holding is $250,000. The property is classified as developmental land and is located in Morris County, New Jersey, within the borough of Florham Park. Given its size and location, this property represents a compelling investment opportunity for developers seeking a substantial land parcel in a desirable New Jersey location. Further due diligence is recommended to fully assess the development potential and regulatory considerations.

    Property Features for 0 Columbia Tpke

    General Information

    Property type
    Land

    HighLights

    • 100+ acre development site in Florham Park, NJ, located at 0 Columbia Turnpike.
    • Near Morristown Airport and major transportation routes.
    • Primarily wetlands; potential development impacted by recent Supreme Court ruling on wetland usage.
    • $250,000 asking price.
    • Morris County, NJ, developmental land.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Morristown
    County
    Morristown
    State
    New Jersey
    Longitude
    -74.4815438
    Latitude
    40.7967667

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    FAQs

    What type of property is this?
    Land - 100+ acres, prime NJ location, wetlands.
    Where is this land located?
    The property is located at Columbia Tpke Morristown, NJ.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 100+ acre development site in Florham Park, NJ, located at 0 Columbia Turnpike.; Near Morristown Airport and major transportation routes.; Primarily wetlands; potential development impacted by recent Supreme Court ruling on wetland usage.
    Request Owner's contact information
    Columbia Tpke 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
    Columbia Tpke Morristown, NJ 07960
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