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Specialty Commercial Unit
For Sale
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1 MADISON AVE, Morristown, NJ 07960

For sale specialty commercial unit, with landlord open to mutually beneficial business-client share arrangements.

Property SizeContact for details
Days on Market451

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
3
Commercial
Parking.
Off Street, Lot.
20475SF
Freestanding. Central Business District.

Building Details

Year Built 1910
Listing Agency: WEICHERT REALTORS
Listed By: JOHN KANABAY
Source: Xome
Added: May 20, 2025 Changed: Aug 12 Last Checked: Aug 13 at 3:39AM

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 offering presents a specialty commercial unit for sale. The available space is identified as Unit 304 at 1 Madison Ave, Morristown, NJ 07960.

The landlord is interested in exploring a business relationship with tenants or operators that can mutually benefit through a client-share arrangement. This arrangement is not required as a condition to rent, but where applicable, the landlord notes that rent reduction or free rent may be available.

Beyond the stated business-relationship terms and the unit identification, no additional building, layout, or improvement details are provided in the available information.

Key Highlights

  • Commercial zoning with a freestanding specialty commercial unit
  • Off‑street parking with lot size of 20,475 SF
  • Year built: 1910

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
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?
Specialty property - For sale specialty commercial unit, with landlord open to mutually beneficial business-client share arrangements.
Where is this specialty property 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 specialty commercial unit; Off‑street parking with lot size of 20,475 SF; Year built: 1910
More about this property
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