245 Littleton RdMorris Plains, NJ 07950

Property Details for 245 Littleton Rd

Lot size

8.80 AC

Zone code

L

Property type

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%

  $80,143,700

  6.5%

  $73,978,800

  7%

  $68,694,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $52,159,400

  Geo Method

  $52,089,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $144,417,000

  Mixed-Use / Specialty

  $73,654,000

  Hospitality / Lodging

  $53,958,100

  Office

  $73,152,900

  Institutional / Educational

  $76,548,700

  Residential Income

  $89,561,900

  Multifamily

  $107,754,000

  Automotive / Energy

  $65,613,100

  Parking / Income-Based Land

  $22,702,600

  Restaurant / Food Service

  $38,177,700

  Healthcare / Senior Housing

  $75,593,400

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

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