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Lower-Level Office Suite
For Sale
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Elm St, Morristown, NJ 07960

Side lower-level office suite with two rooms and a lavatory, accessed from a ground-level entrance.

Property SizeContact for details
Days on Market442

Property Features for Elm St

General Information

Standard status Active
Property subtype General Commercial

Taxes and HOA fees

Annual Taxes $21,736

Amenities

3
Tile, Carpet
Asphalt Shingle
45X162, 45X162
Central Business District.

Building Details

Year Built 1900
Listing Agency: BHHS FOX & ROACH
Listed By: JOANNE LAGNO
Source: Xome
Added: Jun 8, 2025 Changed: Aug 13 Last Checked: Aug 23 at 4:01AM

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 BHHS FOX & ROACH

Investment Insights

Based on property information with market context.

Side lower-level office suite features two rooms and a lavatory, with a ground-level entrance available for convenient access. Tenant pays electric, while heat and water are included. The suite is approximately 500 square feet and is available immediately.

The property is situated in a prime downtown Morristown setting at the upper end of Elm Street. Tenant parking is available behind the building, and there is ample street parking plus a municipal lot across the street. The location is noted as one block from the Midtown Direct train and provides easy access to Routes 287 and 24.

This is a straightforward arrangement suited for an office user looking for a compact, immediately available space with dedicated entrance access and included heat and water.

Key Highlights

  • Approximately 500 SF side lower‑level office suite with 2 rooms and a lavatory
  • Ground‑level entrance for the side lower‑level office; ground floor access
  • Commercial zoning; located in the Central Business District

Property Analytics

Current Use

Chasingophelia Vocational School ArtSpace Studio Art Gallery artsbythepeople Theater & Performing Art Venue It Radix Tech Support Center Matson Stephen G Family Counselor

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Pet Grooming Service Garden Center Clothing & Fashion Store Tattoo & Piercing Shop

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

4,947
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
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Frequently Asked Questions

What type of property is this?
Office units - Side lower-level office suite with two rooms and a lavatory, accessed from a ground-level entrance.
Where is this office units located?
The property is located at Elm St Morristown, NJ.
What are key features of this property?
This property features: Approximately 500 SF side lower‑level office suite with 2 rooms and a lavatory; Ground‑level entrance for the side lower‑level office; ground floor access; Commercial zoning; located in the Central Business District
More about this property
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