Technical
Financial
Distress signals
Property profile

0 Columbia Tpke Morristown, NJ 07960

OFF-MARKET
Land
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Property summary

AI-generated overview

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 profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Columbia Tpke Morristown, NJ 07960
Morristown metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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