187 Columbia TpkeFlorham Park, NJ 07932

  • Commercial real estate
  • 6.11 AC

Property Details for 187 Columbia Tpke

Construction
BRICK
Lot size
6.11 AC
Zone code
B-1
Property type
Commercial real estate
APN
11 01901-0000-00002
APU
1101901000000002

Description

Florham Village Shopping Center presents a unique opportunity for businesses seeking high-visibility retail space in Morris County. This renovated shopping center boasts 56,600 square feet of total building area, offering multiple suites ranging from a minimum of 1,358 square feet to a maximum contiguous space of 8,300 square feet. Currently, 23,448 square feet are available for lease, providing flexibility for various retail concepts. The center is strategically located at a well-lit intersection, ensuring high visibility and benefiting from heavy daytime traffic. Its prime location within the heart of Florham Park's business center provides excellent access to major roadways, including Routes 24, 287, 10, 80, and 280, ensuring convenient access for customers and employees. The property features ample parking with 350 spaces, catering to the needs of shoppers and tenants. The center is zoned for retail and commercial use, offering versatility for a range of businesses. This is an exceptional opportunity to establish or expand your business in a thriving, high-traffic location with a strong demographic profile. The available space provides a chance to capitalize on the significant foot traffic and visibility this well-maintained shopping center offers. Six total suites are available within the center.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $50,341,580
    Hospitality
    $46,112,616
    Educational
    $38,365,156
    Medical
    $39,684,592
    Retail
    $59,679,128

Location Insight

City
Florham Park
County
Morris
State
New Jersey
Latitude
40.7876
Longitude
-74.3924
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
$272,183
$1,410,700
$15,474,100
$16,884,800
-
$1,410,700
$15,474,100
$16,884,800

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