22 Park Pl Morristown, NJ 07960-3979

This exceptional mixed-use property, located at 22 N Park Pl in Morristown, NJ, presents a compelling investment opportunity. The 7,475 square foot, three-story building sits on a 0.1-acre lot (4,369 square feet) and is currently vacant, offering flexibility for various uses. Built in 1970, the structure is in good condition and benefits from a highly desirable TC - Town Center District zoning, allowing for a wide range of permitted uses, including art galleries, childcare centers, convenience stores, markets, various office types, service businesses, restaurants, retail, community centers, and government offices. The property's strategic location along the Morristown Green provides exceptional visibility and accessibility, with high pedestrian and vehicular traffic counts exceeding 25,000 vehicles daily at the nearby intersection of N Park Place and Washington Street. Its proximity to major transportation arteries, including the Morristown Train Station (0.4 miles), US Route 202, NJ Route 124, Interstate 287, and NJ Routes 24 and 10, ensures convenient commuting. The surrounding area boasts a strong consumer base, with over 60,100 residents within a 3-mile radius and an average household income exceeding $213,594. Furthermore, the property is surrounded by numerous national retailers, restaurants, office complexes, and municipal buildings, contributing to a thriving commercial environment. The asking price is $3,500,000, translating to $468.23 per square foot and $801.10 per square foot for land value. This presents a unique chance to capitalize on a prime location and versatile zoning in a vibrant New Jersey town.