1701 State Rte 10 Morris Plains, NJ 07950-2937
In the B-1, B-2, B-3, B-4, B-5, and C-1 Districts, every building hereafter constructed, erected or placed for a use as permitted by this chapter shall face or front said building upon a main street. For the purposes of this chapter, the following streets are hereby designated as main streets: State Highway Route No. 10, Speedwell Avenue, Hanover Avenue and…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Morris Plains, NJIn the B-1, B-2, B-3, B-4, B-5, and C-1 Districts, every building hereafter constructed, erected or placed for a use as permitted by this chapter shall face or front said building upon a main street. For the purposes of this chapter, the following streets are hereby designated as main streets: State Highway Route No. 10, Speedwell Avenue, Hanover Avenue and U.S. Route 202 [Amended 5-5-2022 by Ord. No. 5-2022 ] (16.2) In the R-1, R-2, R-3 and R-4 single-family districts, every building hereafter constructed, erected or placed for a use as permitted by this chapter shall face or front said building upon an approved public or private street. (17) Minimum floor areas. Every dwelling house hereafter erected or placed on a lot shall have a minimum floor area of 1,200 square feet. Dwellings having more than one story shall have square unit contents within the foundation walls equal to or exceeding 900 square feet. (18) Parking in nonresidential zones. No vehicle containing or having displayed upon it any advertising matter intended to promote the interest of any business located upon the premises shall be parked or stored in a parking area serving said business unless it is parked in a side or rear yard of the lot not fronting on a street or in a wholly enclosed garage; provided, however, that parking said vehicles in a front yard for purposes of loading and unloading shall be permitted for a time limit not to exceed four hours. (19) Flood hazard areas. (19.1) Flood losses resulting from periodic inundation. Within the Borough of Morris Plains, there exist certain flood hazard areas subject to periodic inundation which may result in loss of life and property, health and safety hazards, disruption of commerce and governmental services, extraordinary public expenditures for flood protection and relief and impairment of the tax base, all of which adversely affect the public health, safety and general welfare. These flood losses are caused by the cumulative effect of obstructions in areas of special flood hazards which increase flood heights and velocities, and when inadequately anchored, damage uses in other areas. Uses that are inadequately floodproofed, elevated or otherwise protected from flood damage also contribute to the flood loss. (19.2) Permitted uses in flood hazard areas.
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.