245 Littleton RdMorris Plains, NJ 07950

Property Details for 245 Littleton Rd

Lot size

8.80 AC

Zone code

L

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

23 00171-0000-00046

APU

2300171000000046

Description

This exceptional retail space, located within a high-traffic Stop & Shop in Morris Plains, NJ (07950), offers 500 square feet of prime, front-of-store visibility. Benefit from the established customer base of a well-known grocery store, enjoying unparalleled access to thousands of weekly shoppers. The all-inclusive monthly fee covers real estate taxes, property insurance, CAM, and utilities, simplifying your operational costs. This "Store-Within-A-Store" concept provides excellent branding opportunities, with both interior and exterior signage options. The location boasts exceptional demographics within a thriving trade area. Ideal for service businesses, financial institutions, or health and wellness providers. This is a unique opportunity to establish your business in a high-traffic, convenient location. Note that food and beverage services, restaurants, and smoke shops are prohibited uses. The property is situated at 245 Littleton Rd, Morris Plains, NJ, in Morris County.

• CAP approach

  CAP return

  Valuation

  6%

  $102,790,520

  6.5%

  $94,883,552

  7%

  $88,106,160

• Comparable approach

  Method

  Valuation

  Relative Method

  $126,386,216

  Geo Method

  $126,215,800

• Alternative Use

  Use

  Valuation

  Residential

  $80,037,824

  Hospitality

  $73,314,216

  Educational

  $60,996,572

  Medical

  $63,094,336

  Retail

  $94,883,552

Location Insight

City

Morris Plains

County

Morris

State

New Jersey

Latitude

40.8422

Longitude

-74.4636

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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