80 Jefferson Rd Hanover, NJ 07981
- Office Properties & Spaces
- 85,000 SF
- 9.24 lot acres
Current Use by Public Records
- Newmark / Commercial Real Estate Agency
- Skyview Heights / Apartment Building
- Taylor Management Company / Property Management Company
- Whippany Office Park / Park / Real Estate
- Core Technology Solutions / Corporate Office
Property Details for 80 Jefferson Rd
- Year built
- 1999
- Lot size
- 9.24 lot acres
- Property size
- 85,000 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional three-story, 85,000 square foot Class B office building presents a below-market opportunity in Hanover, New Jersey, just minutes from Morristown. Built in 1999, the property sits on a 9.24-acre lot and offers 325 parking spaces (a 5:1000 SF ratio). Currently at 33% occupancy, the building features a modified lease type and is zoned OB-RL, allowing for a variety of uses including offices, labs, nursing homes, and fitness facilities. The versatile space is ideal for owner-users or value-add investors. Amenities include on-site management, a cafeteria, monument signage, 24/7 access, a full building backup generator, and overhead receiving/loading doors. Available spaces include up to 25,000 square feet on the first and third floors (divisible) and approximately 6,000 square feet on the second floor (divisible). Its prime location near major highways and Morristown makes it perfect for redevelopment. Building naming rights are also available. All offers will be considered.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hanover
- County
- Morris
- State
- New Jersey
- Longitude
- -74.4408
- Latitude
- 40.8188
