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    14 Washington St Morristown, NJ 07960

    For Lease
    $50 SF/Yr

    Historic Morristown mixed-use building, retail & office.

    Lot size:
    39,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class A commercial property, located at 14-24 Washington Street in Morristown, NJ, offers a unique blend of retail, office, and residential space within a beautifully restored historic building. Originally constructed approximately 100 years ago as four separate structures, Morristown Mews underwent a complete renovation in the mid-1990s, resulting in a cohesive and modern complex. The building boasts a total of 39,000 square feet across four stories. Currently, the ground floor houses established retail tenants, including a restaurant and a florist. The second floor provides 3,500 square feet of high-quality Class A office space, currently available for lease. The upper two floors are comprised of luxury apartments. This prime location offers unparalleled convenience, situated just half a block from both the Morris County Courthouse and the Morristown Green, ensuring high visibility and accessibility. The building's meticulous restoration preserved its historic charm while incorporating modern amenities and infrastructure, including updated electrical, plumbing, and HVAC systems. This presents a rare opportunity to secure space in a landmark Morristown building with a strong tenant base and exceptional location. Currently, 2,444 square feet of space is vacant, providing immediate occupancy potential. The property's mixed-use nature and central location make it an ideal investment for discerning businesses seeking a prestigious address in a thriving community.

    Property Features for 14 Washington St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    39,000 SF
    Class
    A
    Total Rate
    162500

    Building Details

    Stories
    4

    Unit(s) available at that property

    Space
    17 Bank Street
    Size
    3,500 SF
    Rate per SF
    $50

    HighLights

    • Class A, four‑story mixed‑use building totaling 39,000 square feet.
    • Currently features retail, office, and residential tenants.
    • One retail space available, 3,500 square feet.
    • 2,444 square feet of vacant space.
    • Prime Morristown location, half block from the Morris County Courthouse and Morristown Green.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Just For You Flowers ... Florist

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Morris
    State
    New Jersey
    Longitude
    -74.482712
    Latitude
    40.7971565

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    FAQs

    What type of property is this?
    Restaurant - Historic Morristown mixed-use building, retail & office.
    Where is this restaurant located?
    The property is located at 14 Washington St Morristown, NJ.
    What is the lease rate?
    The lease rate is $50 SF/Yr.
    What are key features of this property?
    This property features: Class A, four-story mixed-use building totaling 39,000 square feet.; Currently features retail, office, and residential tenants.; One retail space available, 3,500 square feet.
    Request Owner's contact information
    14 Washington St Morristown, NJ 07960
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    Morristown, NJ 07960
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    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
    14 Washington St Morristown, NJ 07960
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