Mixed-use Property At 46 South Park Place In Morristown Sold For $2,847,604 Through Marcus & Millichap

The mixed-use property located at 46 South Park Place in Morristown, New Jersey, sold for $2,847,604. This 5,180-square-foot asset includes three residential units and a retail space currently leased to Mashed Burgers. The property features three stories and offers a price per unit of $711,901 and a price per square foot of $550.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $2,847,604
• Units: 4
• Square Footage: 5,180
• Price per Unit: $711,901
• Price per Square Foot: $550

The transaction was brokered by Alan Cafiero, David Cafiero, and John Moroz from Marcus & Millichap, who represented the private buyer in this deal.