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    1 Elm St Morristown, NJ 07960

    For Sale
    $249,000

    Business - Morristown Town, NJ

    Property size:
    1 SF
    Days on Market:
    44
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 1 Elm St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Retail
    Rooms
    Basement
    Basement Y/N
    1
    Size
    1 SF

    Building Details

    Architectural style
    Other

    Realty ONE Group Legend (973) 686-7777 [email protected]

    Listing agent HUSEYIN TATAR (973) 686-7777

    Listing date Oct 23, 2025

    MLS# 3993298 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Tailor Shop in Morristown

    E&N Custom Tailor and Clothing Store is available for sale, presenting an opportunity to own a tailoring and alterations business. The business has been operating for over 20 years and has a reputation for quality and personalized service. It is known for its repeat customers and offers custom menswear, tuxedos, wedding gowns, and Italian textiles. The business is located at 1 Elm St. and has a lease through 2029 with renewal prospects. There are 3 employees. The business has a customer service record and growth potential. The owner is prepared to assist with the transition to a new owner and introduce them to the customer base. This business is located in Morristown Town, NJ.
    Property Profile Location Intelligence

    Current Use by Public Records

    E & N Custom ... Tailor

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Law Firm Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Just For You Flowers & Gifts, Boonton Florist, Morristown Florist

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Morris
    State
    New Jersey
    Longitude
    -74.475889205933
    Latitude
    40.792137509735

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    FAQs

    What type of property is this?
    Storefront property - Turnkey tailoring business with loyal clientele and growth potential.
    Where is this storefront property located?
    The property is located at 1 Elm St Morristown, NJ.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: - Established Business: Over 20 years of operation with an impeccable reputation.; - Loyal Customer Base: Boasts 100% repeat customers and strong community ties.; - Prime Location: Located at 1 Elm St. with a stable lease through 2029 and strong renewal prospects.
    (973) 686-7777
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    1 Elm St Morristown, NJ 07960
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    Morristown, NJ 07960
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Elm St Morristown, NJ 07960
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