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Professional Office Suite
For Sale
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1 MADISON AVE, Morristown, NJ 07960

Office suite available for a professional business or office service, with flexibility for shared client services arrangements.

Property SizeContact for details
Days on Market454

Property Features for 1 MADISON AVE

General Information

Standard status Active
Property subtype General Commercial

Taxes and HOA fees

Annual Taxes $36,697

Amenities

Carpet
Commercial
Parking.
Lot.
20475SF
Freestanding. Central Business District, Highway Access.

Building Details

Year Built 1910
Listing Agency: WEICHERT REALTORS
Listed By: JOHN KANABAY
Source: Xome
Added: May 17, 2025 Changed: Aug 12 Last Checked: Aug 13 at 3:21AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WEICHERT REALTORS

Investment Insights

Based on property information with market context.

This for-sale opportunity includes an office suite located at 1 Madison Ave, Unit 301. The space is being marketed for a professional business or office service, and the landlord is a wealth management firm.

The landlord indicates willingness to consider “handshake style” arrangements to share client services. Prospective tenants should inquire for additional details on how the shared services concept may work for the right professional use.

Key Highlights

  • Commercial zoning with a freestanding office suite available for professional business or office service use
  • Year built: 1910
  • Carpet flooring

Property Analytics

Current Use

Whelan Scott Asset ... Financial Advisor The Walters Group Real Estate Agency Kieran Ayer Ph.D., ... Medical Clinic RE/MAX Select of NJ ... Real Estate Agency Michael Elms, The Elm ... Real Estate Agency

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store Storage Facility Hair Salon Garden Center Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,111
Businesses Nearby

Demographics for 07960, NJ

45,609
Population
18,978
Households
2.4
Avg Household Size
40
Median Age
68%
College-Educated
94%
High-School Grad
34.6 sq mi
ZIP Area
1,318
Density / Sq Mi
$149,462
Median Household Income
$75,266
Median Earnings
$2,173
Median Rent
$701,100
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office building - Office suite available for a professional business or office service, with flexibility for shared client services arrangements.
Where is this office building located?
The property is located at 1 MADISON AVE Morristown, NJ.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Commercial zoning with a freestanding office suite available for professional business or office service use; Year built: 1910; Carpet flooring
More about this property
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