122 Washington St Morristown, NJ 07960-6814
This exceptional two-story office building at 122 Washington Street in Morristown, New Jersey, presents a unique investment opportunity. Strategically located in Morris County, this property boasts convenient access to major roadways including Routes 287, 202, and 24, ensuring effortless commuting for tenants and clients. Its prime location also offers walkability to the Morris County Courthouse, Whole Foods Market, and public transportation, enhancing its appeal and accessibility. The building features a spacious on-site parking lot, providing ample parking for tenants and visitors. The second floor is currently leased to an architecture firm, generating a consistent annual rental income of $20,400. The first-floor office suite is available for lease and offers flexibility. Potential tenants can choose a fully furnished "plug-and-play" setup, ideal for immediate occupancy, or opt for a vacant space to customize to their specific needs. This property is an excellent choice for investors seeking a stable income stream coupled with the potential for future growth in a thriving New Jersey market. The 07960 zip code offers a desirable location within Morristown, combining professional convenience with nearby amenities. This presents a rare opportunity to acquire a well-situated, income-producing office building in a highly sought-after area.
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Law Office of David Rostan Law Firm
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Dubeck & Miller Law Firm
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Harvey H Gilbert Esquire Law Firm
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Adam P. Dubeck, Esq. Law Firm
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Commercial & House Cleaning Morristown Commercial Cleaning Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
ORC · Morristown, NJMorristown. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.