18 Morris TpkeSummit, NJ 07901

  • Other commercial real estate
  • 2,052 SF
For Lease

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
18 Morris Tpke, Summit, New Jersey

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

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
$9,932
$130,500
$101,400
$231,900
-
$130,500
$101,400
$231,900

FAQs

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