2 Morristown RdBernardsville, NJ 07924

Property Details for 2 Morristown Rd

Lot size

0.41 AC

Property size (Sq ft)

7,041 SF

Zone code

D-CO

Property type

Commercial real estate

APN

03 00066-0000-00016

APU

300066000000016

Description

This exceptional commercial property, formerly the Old Bernardsville Library, presents a rare opportunity in the heart of Bernardsville's vibrant Olcott Square. Located at 2 Morristown Road, Unit 2, this 8,644 square foot building sits on a 0.41-acre lot and is currently generating income from three commercial tenants under existing leases. The building's character is undeniable, boasting beautiful wood floors, inviting brick fireplaces, and high ceilings accented by exposed beams, all reflecting its rich history. The property's charm is further enhanced by its convenient location, just steps from the bustling activity of Olcott Square. Ample off-street parking is provided in a rear lot, ensuring convenient access for tenants and their clients. The asking price for this unique and well-situated commercial building is $2,200,000. This is an excellent investment opportunity for those seeking a historically significant property with strong rental income potential in a highly desirable New Jersey town. The property's combination of historical charm, modern convenience, and prime location makes it an exceptional asset in the Bernardsville commercial real estate market. The existing leases provide immediate cash flow, making this a compelling investment for discerning buyers. The building's size and layout offer flexibility for a variety of commercial uses, ensuring long-term value and potential for future growth.

• Alternative Use

  Use

  Valuation

  Residential

  $1,469,969

  Hospitality

  $1,346,484

  Educational

  $1,120,259

  Medical

  $1,158,786

  Retail

  $1,742,625

Location Insight

City

Bernardsville

County

Somerset

State

New Jersey

Latitude

40.7189

Longitude

-74.5683

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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