656 Morris Ave Springfield, NJ 07081
This exceptional commercial opportunity presents a brand-new, 2,300-square-foot standalone building slated for completion in the first quarter of 2025. Strategically located on Morris Avenue and the Turnpike in Springfield, NJ, this property boasts high visibility and convenient access. The building features a full, functional basement, adding significant usable space. Ample parking is provided with 12 dedicated spaces for employees and customers. Two convenient entrances, one facing Morris Avenue and another on the Turnpike, ensure easy ingress and egress. The property sits on a 0.24-acre lot, offering potential for outdoor seating or signage (subject to local regulations). Its prime location offers proximity to significant consumer traffic, with the Short Hills Mall just six minutes away. This makes it an ideal location for a variety of businesses, particularly those in the food service industry, such as a deli, pizzeria, or bakery. The building's modern design and convenient features make it an attractive option for businesses seeking a high-profile location with excellent accessibility and ample parking. The turnkey nature of this new construction eliminates the need for extensive renovations or upgrades, allowing businesses to focus on operations from day one. This is a rare opportunity to secure a prime commercial space in a thriving area. Contact us today to learn more about leasing this exceptional property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.