Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1 Waverly Pl Madison, NJ 07940

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Ground floor retail with basement storage in historic district.

    Property size:
    1,300 SF
    Lot size:
    0.06 Acres

    Property Features for 1 Waverly Pl

    General Information

    Size
    1,300 SF
    Lot size
    0.06 Acres

    Source: JLL | Parsippany Agent Craig Parcells

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Charming Historic Retail Space

    This retail space offers 1,300 square feet on the ground floor, complemented by 600 square feet of basement storage, included within the rental rate. The property features iconic, late Victorian historic architecture, contributing to a charming and historic look that extends to the surrounding properties. This aesthetic is protected by the historic designation, adding character and allure to any business occupying the space. Benefiting from its corner positioning, the property receives an abundance of natural light, creating a bright and inviting atmosphere within the interior. The ceiling height reaches 12 feet. The zoning is CBD 1. The property is located in Madison, NJ.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4154327
    Latitude
    40.7588276

    Nearby Similar for Lease

    • $1,200 /Mo
      1,800 SF

      Renovated Commercial Space on Main

      Newly renovated commercial space with private parking in Madison.
      242 Main St, Madison, NJ 07940
      View Details
    • $3,200 /Mo

      Newly Constructed Apartment Near Station

      Modern 2-bedroom apartment near Madison Train Station and downtown.
      16 Waverly Pl, Madison, NJ 07940
      View Details
    • $5,000 /Mo
      4,000 SF

      Prime Madison Commercial Space Available

      Two-story commercial space in Madison's heart, ideal for various businesses.
      269 Main St, Madison, NJ 07940
      View Details
    • Contact for pricing
      18,129 SF

      Madison Medical Office Space For Lease

      Prime Medical Office, 18,129 SF Available
      300 Main St, Madison, NJ 07940
      View Details
    • $2,400 /Mo

      Charming Apartments in Madison, NJ

      Pet-friendly apartments with on-site laundry and optional garage parking.
      255 Main St, Madison, NJ 07940
      View Details
    • $1,300 /Mo

      Chatham Borough Office Space Available

      Second floor office suite in a prime location.
      346 Main St, Madison, NJ 07928
      View Details

    FAQs

    What type of property is this?
    Retail space - Ground floor retail with basement storage in historic district.
    Where is this retail space located?
    The property is located at 1 Waverly Pl Madison, NJ.
    What are key features of this property?
    This property features: - Abundance of natural light due to corner positioning.; - 1,300 SF ground floor space with 600 SF of basement storage included.; - Iconic, late Victorian historic architecture.
    (973) 829-4800
    Request Owner's contact information
    1 Waverly Pl Madison, NJ 07940
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 Waverly Pl
    Madison, NJ 07940
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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 Waverly Pl Madison, NJ 07940
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.