30 Morristown Rd. / 8 Church St., Bernardsville NJ

Retail for Sale - $5,800,000


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Agent Info

NameRaphael Knoller

Property Info

CIMLS #93248
Location30 Morristown Rd. / 8 Church St.
Bernardsville NJ 07924
Last UpdatedApril 27th, 2017
TypeRetail
Price$5,800,000

Contact


Property Description

The town:

The Borough of Bernardsville, one of the 100 highest-income areas in the United States, is located in the northern part of Somerset County, America' s 9th Richest County (Source: Forbes), just 20 miles west of Newark and approximately 35 miles from New York City. The property is ideally located on Morristown Road (Traffic Count: 10,159 VPD), which serves as the area' s main east-west thoroughfare, just east of downtown Bernardsville and only 1.5 miles southwest from access to Interstate 287. The location was also strategically selected because it is positioned in an upscale community (3-mile AHI: $201,571) and within the area' s preeminent retail/commercial corridor (500,000 SF of retail within a 3-mile radius).

Other major retailers with a presence in the immediate area include: Shop Rite, Rite Aid, King' s Food Market, PNC Bank, Audi, Volkswagen, Friendly' s, Starbucks, The UPS Store, Dairy Queen, Verizon, GameStop, Burger King, Exxon, Valero, Lukoil, Millington Savings Bank, Roselle Savings Bank, Chase Bank and Peapack-Gladstone Bank. In addition, the property is located just 1.5 miles from a significant office submarket in the community of Basking Ridge which is home to a number of major corporations including the headquarters of Verizon Wireless, Avaya, Applied Communications Sciences and Barnes & Noble College Booksellers. A large percentage of these high-paid, corporate employees live in Bernardsville adding to the attractiveness of the borough.

Property Description:

Commercial/retail zoned in center of the most affluent town in New Jersey, these are the largest and the only properties available for commercial development in Bernardsville town ship.

The above properties are ideal for a bank with three drives through or any major retailers.

The property proximate size range: between 0.55 of an acre to 1.0 of an acre.

The above properties are offered for Land lease or outright purchase.

*****THIS WILL BE THE PERFACT SITE FOR A BANK BRANCH*****

*****LONG TERM LAND LEASE IS ALSO AVILABLE*****

*******OWNER FINANCING WILL BE CONSIDERED*******

Location Description:

The frontage property is located on 30 Morristown road (known as state highway 202), and the others are right behind, 8 & 10 Church street

" The above properties are in the most influential and one of the wealthiest towns in New Jersey Known as Bernardsville NJ.

" The above properties are in the heart of town on the main road and zoned B1 retail.

" The Properties are also a corner properties allowing access from Side Street that will eliminate the need to deal with the state for any permits or variances.

" All utilities are supplied from side street (Church street) once again eliminating the need to deal with the state of New Jersey.

" The site is large enough to accommodate three drives through.

Located walking distance to NYC train, post office, shops & restaurants.

*****THIS WILL BE THE PERFACT SITE FOR A BANK BRANCH*****

Power is available: Yes Irrigation is available: Yes

Water is available: Yes Property Types: Retail (land)

Retail-Pad (land)

Telephone is available: Yes Free Standing Bldg

Cable is available: Yes Vehicle Related

Gas/Propane is available: Yes


Location


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