NEW JERSEY—Massey Knakal Realty Service has coordinated the sale of a mixed-use building located at 46 South Park Place in Morristown, N.J. The building, situated between Dumont Place and South Street, was sold in a transaction valued at approximately $1.4 million.
Comprised of 5,450 sq. ft. of space, the property stands three stories tall and consists of two commercial units and two residential units. The ground floor space totals approximately 2,324 sq. ft. of retail space, while the second floor includes a front residential apartment with office space in the rear of the building. The third floor is currently occupied and used as residential space.
Located in the center of the retail corridor and financial district of Morristown, 46 South Park Place is in close proximity to the Morristown N.J. Transit train station, the local hospital and municipal offices.