18 Morris TpkeSummit, NJ 07901
- Other commercial real estate
- 2,052 SF
Property Details for 18 Morris Tpke
- Year built
- 1954
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.10 AC
- Property size (Sq ft)
- 2,052 SF
- Zone code
- B
- Property type
- Other commercial real estate
- APN
- 18 03803-0000-00001
- APU
- 1803803000000001
Description
This exceptional 800-square-foot freestanding retail space presents a unique opportunity for a single-tenant business in the vibrant Summit, New Jersey market. Located at 18 Morris Turnpike, this property boasts a prime location with high visibility and excellent accessibility. The building is currently vacant and ready for immediate occupancy, offering a blank canvas for your business vision. The 0.1-acre lot provides ample space for customer parking, with four spaces conveniently available. The property's classification as a proposed pad site and redevelopment opportunity suggests potential for future expansion or customization to meet specific business needs. Situated in Union County, this location benefits from a strong local economy and a dense population base, ensuring high foot traffic and potential customer reach. The single-tenant occupancy ensures complete control and flexibility for the lessee. This is an ideal space for a variety of retail businesses seeking a high-profile location in a thriving community. The address is 18 Morris Turnpike, Summit, NJ 07901. This property offers a rare combination of size, location, and potential, making it an exceptional investment opportunity for discerning businesses. The property is easily accessible from major roadways, ensuring convenient access for both customers and employees. Don't miss this chance to establish your business in a highly desirable location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $388,319
- Hospitality
- $355,698
- Educational
- $295,936
- Medical
- $306,114
- Retail
- $460,346
Location Insight
- City
- Summit
- County
- Union
- State
- New Jersey
- Latitude
- 40.7208
- Longitude
- -74.3339
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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