Property summary
This exceptional 2,088 square foot free-standing office building is ideally situated in the heart of downtown Morristown, New Jersey. Currently configured as a graphic design studio, this versatile property offers a multitude of potential uses, including medical, legal, or therapeutic practices. The main floor boasts five individual offices, a welcoming reception area, a convenient kitchenette, and a half bathroom. The lower level features a spacious meeting room, a comfortable sitting area, and a full bathroom. Tax records indicate a total area of 2,088 square feet, encompassing the finished basement space. The property provides ample off-street parking for eight vehicles. Its location offers unparalleled convenience, with proximity to the Morristown train station, a vibrant array of restaurants, and diverse shopping options. Previously used as a doctor's office, this well-maintained building is zoned for commercial use, although prior zoning approvals indicated potential for residential conversion with the appropriate permits. The property is also available for lease, and current furnishings are negotiable. This presents a unique opportunity to acquire a prime commercial property in a highly desirable location. The 0.2-acre lot provides a comfortable setting for this established business.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Consultant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
RT · Morristown, NJZoning
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Zoning designation
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