74 Franklin St - 74 Franklin Street 0.46 Acres of Residential Land in Morristown, NJ 07960
INVESTMENT HIGHLIGHTS
- Rare opportunity for development in Morristown
- .5 miles Morristown NJ Train Station (NJ transit)
- Portfolio sale / Includes lots 3, 4, and 5
- .3 miles to Morristown Memorial Hospital (1 minute walk)
- .6 miles to Morristown Performing Arts Center
EXECUTIVE SUMMARY
This is a development site. with the highest and best use purported to be multi family residential
This property will ONLY be sold as part of portfolio that includes Lot 3, (76 Franklin St), Lot 4, (74 Franklin Street), anad Lot 5 (52-58 Ford Ave.)
Total acreage for all 3 lots: +/- 2 acres
Zoning is currently R-3
Property is located .3 miles from Morristown Memorial Hospital
Purchaser would need to apply and go through the municipal process to obtain approvals for site development of anything other than permitted uses in the zone.
This property will ONLY be sold as part of portfolio that includes Lot 3, (76 Franklin St), Lot 4, (74 Franklin Street), anad Lot 5 (52-58 Ford Ave.)
Total acreage for all 3 lots: +/- 2 acres
Zoning is currently R-3
Property is located .3 miles from Morristown Memorial Hospital
Purchaser would need to apply and go through the municipal process to obtain approvals for site development of anything other than permitted uses in the zone.
PROPERTY FACTS
| Sale Type | Investment or Owner User |
| Sale Condition | Bulk/Portfolio Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.46 AC |
| Zoning | R-3 |
1 LOT AVAILABLE
Lot 4
| Lot Size | 0.46 AC |
This lot is contiguous to lots 3 and 5 Lot is on Franklin Street. This is a development site. This property will be sold as part of portfolio that includes 3 lots for a total acreage of +/- 2 acres
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