61 International DrMount Olive, NJ 07828

  • Other commercial real estate
  • 48,500 SF
For Lease

Property Details for 61 International Dr

Year built
2000
Lot size
6.27 AC
Property size (Sq ft)
48,500 SF
Zone code
C-LI
Property type
Other commercial real estate
APN
27 04105-0000-00001- 02
APU
270410500000000102

Description

This exceptional retail opportunity is located at 61 International Dr S, Mount Olive, NJ 07828, within the ITC Center Crossing North. The property offers two available spaces, ranging from 1,200 to 1,800 square feet, in a thriving retail center totaling 123,023 square feet. Situated in Morris County, this location boasts unparalleled visibility and accessibility, benefiting from its proximity to major roadways: Route 80 (85,000 cars daily), Route 46 (35,000 cars daily), and Route 206 (24,000 cars daily). The center enjoys strong co-tenancy with established national brands including Sky Zone, Dollar Tree, Walmart, Lowe's, T.J. Maxx, Michaels, Five Below, PetSmart, Panera Bread, McDonald's, Wendy's, and the recently signed Home Goods. Cross-access with ITC South further enhances the property's appeal. A proposed pad site is also available. The property is ideal for a variety of uses, including quick-service restaurants, learning centers, postal mail centers, toy and gift stores, sushi restaurants, pizzerias, bagel cafes, auto parts stores, or other medical, restaurant, or retail businesses. NNN charges are estimated at $7 per square foot. This is a rare chance to secure a prominent retail space in a high-traffic location with exceptional visibility and strong co-tenancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $13,790,500
    Hospitality
    $12,632,024
    Educational
    $10,509,695
    Medical
    $10,871,140
    Retail
    $16,348,415
61 International Dr, Mount Olive, New Jersey

Location Insight

City
Budd Lake
County
Morris
State
New Jersey
Latitude
40.8882
Longitude
-74.7177
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$163,450
$3,100,000
$1,900,000
$5,000,000
-
$3,100,000
$1,900,000
$5,000,000

FAQs

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