Building Details

Year Built 1910

Listing Agency: WEICHERT REALTORS Show Phone

Listed By: JOHN KANABAY Show Phone

Source: Evrealestate

Added: Dec 15, 2025 Changed: Aug 8 Last Checked: Aug 11 at 7:53AM

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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 office building, constructed in 1910, offers walk-out access and off-street parking. The property is identified with signage for “Whelan Scott” and is positioned directly across from the Weichert Building.

Located at 1 Madison Ave in Morristown Town, the property is in Morris County and is accessible using GPS directions to the address.

Key Highlights

• Constructed in 1910
• Walk‑out access
• Off‑street parking

Property Analytics

Property Profile

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.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

3,111

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office building - Historic office property with walk-out access and off-street parking in Morristown.

Where is this office building located?

The property is located at 1 Madison Ave Morristown, NJ.

What is the lease rate?

The lease rate is $1,000/Mo.

What are key features of this property?

This property features: Constructed in 1910; Walk‑out access; Off‑street parking