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Freestanding Office Building
New
For Sale
$549,000

5 Budd St, Morristown, NJ 07960

Upgraded professional office with open workspace, private office, kitchenette, and dedicated bathroom.

Property Size936 SF
Days on Market3

Property Features for 5 Budd St

General Information

Standard status Active
Size 936 SF
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $6,693

Building Details

Building Size 936 SF
Year Built 2013
Stories 1
Units 1
Listing Agency: Weichert Realtors
Listed By: NIREN SAKARIA
Source: Elliman
Added: Aug 20 Changed: Aug 21 Last Checked: Aug 22 at 9:26AM

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 freestanding office building offers a recently upgraded interior arranged around a spacious open-concept area with vaulted ceilings. The layout also includes a separate private office, private bathroom, and wet bar or kitchenette. The property has 4 off-street parking spaces and was built in 2013. Building systems include forced hot air, central air, public water, and public sewer; the roof is 3 years old.

Positioned at 5 Budd St in Morristown, the property is steps from Whole Foods, near the Morris County Courthouse, and within walking distance of the Green. It is located in the MX-1 zone, with commercial, residential, and mixed-use possibilities subject to Town approval and buyer due diligence. WalkScore is 78, BikeScore is 25, and TransitScore is 31.

Key Highlights

  • Freestanding office building with 4 off‑street parking spaces
  • Recently upgraded interior with vaulted ceilings and open‑concept main area
  • Separate private office, private bathroom, and wet bar/kitchenette

Property Analytics

Current Use

Elena Chambous CFP Financial Advisor

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Storage Facility Pet Store Pet Store & Service Florist

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

2,552
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
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Frequently Asked Questions

What type of property is this?
Office building - Upgraded professional office with open workspace, private office, kitchenette, and dedicated bathroom.
Where is this office building located?
The property is located at 5 Budd St Morristown, NJ.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Freestanding office building with 4 off‑street parking spaces; Recently upgraded interior with vaulted ceilings and open‑concept main area; Separate private office, private bathroom, and wet bar/kitchenette
More about this property
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