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Office Units
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For Lease
$27 SF/Yr

161-163 Madison Avenue, Morristown, NJ 07631

Available for rent at 161–163 Madison Avenue in Morristown, New Jersey.

Space Size1,530 SF - 4,739 SF
Property Size88,182 SF
Days on Market4

Property Features for 161-163 Madison Avenue

General Information

Standard status Active
Size 1,530 SF - 4,739 SF
Property subtype Office
Lease Term Gross

Building Details

Building Size 88,182 SF

Spaces For Lease

at 161-163 Madison Avenue Contact us

161 Madison Avenue - Suite 207 $27/SF/Yr

Size 4,303 SF
Term Negotiable
Contact us

161 Madison Avenue - Suite 210 $27/SF/Yr

Size 1,530 SF
Term Negotiable
Contact us

163 Madison Avenue - Suite 405 $27/SF/Yr

Size 4,739 SF
Term Negotiable
Contact us
Listing Agency: Lee & Associates | Elmwood Park
Listed By: Douglas Rowe
Source: Lee-associates
Added: Oct 2 Changed: Oct 4 Last Checked: Oct 4 at 8:08AM

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 Lee & Associates | Elmwood Park

Investment Insights

Based on property information with market context.

Office units are available for rent at 161–163 Madison Avenue in Morristown, New Jersey.

Key Highlights

  • 161–163 Madison Avenue, Morristown, NJ 07631

Property Analytics

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Open Analytics

Current Use

Morristown Plaza Business Service Center

Suggested Use

Top Pick Big Box & Wholesale Store Hair Salon (Bike/Boat/Book/etc) Store Plumbing Service Garden Center Carpet & Flooring Store

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
$4.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,284
Businesses Nearby

Demographics for 07631, NJ

29,308
Population
12,047
Households
2.4
Avg Household Size
40
Median Age
46%
College-Educated
90%
High-School Grad
4.9 sq mi
ZIP Area
5,981
Density / Sq Mi
$101,398
Median Household Income
$53,056
Median Earnings
$1,925
Median Rent
$497,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
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Frequently Asked Questions

What type of property is this?
Office units - Available for rent at 161–163 Madison Avenue in Morristown, New Jersey.
Where is this office units located?
The property is located at 161-163 Madison Avenue Morristown, NJ.
What is the lease rate?
The lease rate is $27 SF/Yr.
What are key features of this property?
This property features: 161–163 Madison Avenue, Morristown, NJ 07631
More about this property
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