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Updated Office Space Near Hospital
For Lease
$1,000/Mo

59 Franklin St, Morristown, NJ 07960

Prime location office space near Morristown Medical Center.

Space SizeContact for details
Days on Market164

Property Features for 59 Franklin St

General Information

Standard status Active
Zoning Bus

Taxes and HOA fees

Annual Taxes $23,726

Amenities

Natural Gas

Building Details

Stories 3
Listing Agency: WEICHERT REALTORS
Listed By: KEISHA SMITH
Source: Evrealestate
Added: Mar 24 Changed: Aug 23 Last Checked: Sep 2 at 1:23PM

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.

Office spaces are available in a prime location, situated two blocks from Morristown Medical Center. The prior use of the space was a doctor's office. The spaces are separate but can be combined. Each office includes a closet for storage or records, a sink, and a bathroom. The interior features updated hardwood floors, mill work, and decor. Private parking is available. The property is located a few minutes from major highways, providing easy access.

Key Highlights

  • Prime location, just 2 blocks from Morristown Medical Center
  • Large private parking for staff and clients
  • Updated with hardwood floors, beautiful mill work and stylish decor

Property Analytics

Current Use

Obstetrical & Gynecological Associates ... Medical Clinic Dr. Jeffrey G. ... Physician Managing eMotions Crisis Center Max Exotics Car Rental Facility Rio Fish Spa Spa & Massage Center

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service Storage Facility Catering Service Garden Center

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

4,404
Businesses Nearby
Under-served
Demand for This Use

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Prime location office space near Morristown Medical Center.
Where is this medical office space located?
The property is located at 59 Franklin St Morristown, NJ.
What is the lease rate?
The lease rate is $1,000/Mo.
What are key features of this property?
This property features: Prime location, just 2 blocks from Morristown Medical Center; Large private parking for staff and clients; Updated with hardwood floors, beautiful mill work and stylish decor
More about this property
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