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5-7 Washington St 5,126 SF 100% Leased Retail Building Morristown, NJ 07960 $4,012,944 CAD ($782.86 CAD/SF) 4.47% Cap Rate
Investment Highlights
- Zoning permits a potential two-story expansion
Executive Summary
The building is comprised of 2 each two bedroom and 2 bath residential units and a ground floor retail unit. The property is 100% leased but the zoning allows for potential value add
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- Operating and Financials
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,126 SF
Building Class
B
Year Built
2011
Price
$4,012,944 CAD
Price Per SF
$782.86 CAD
Cap Rate
4.47%
NOI
$179,562 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.94
Lot Size
0.04 AC
Zoning
CBD - Central Business District
Frontage
10’ on Washington St
Amenities
- 24 Hour Access
Walk Score®
Walker's Paradise (98)
Nearby Major Retailers
Property Taxes
| Parcel Number | 24-05901-0000-00006 | Improvements Assessment | $1,554,030 CAD |
| Land Assessment | $435,302 CAD | Total Assessment | $1,989,332 CAD |
Property Taxes
Parcel Number
24-05901-0000-00006
Land Assessment
$435,302 CAD
Improvements Assessment
$1,554,030 CAD
Total Assessment
$1,989,332 CAD
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5-7 Washington St
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