21 Speedwell Ave Morristown, NJ 07960
For Lease
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This exceptional Class A retail space, located at 21 Speedwell Ave in Morristown, NJ 07960, offers 6,346 square feet of prime commercial real estate. Ideal for multiple tenants, with a minimum divisible space of 1,500 square feet, this ground floor retail or restaurant space boasts 58 feet of frontage and impressive 17-foot ceilings. The property benefits from a highly desirable location in the heart of Morristown's downtown area, anchored by an AMC Theatre and the recently renovated Hyatt Regency (256 keys). Its proximity to Valley Bank's new corporate headquarters ensures high foot traffic and visibility. The surrounding area boasts strong demographics, with 123,000 residents and a median income of $141,000 within a 5-mile radius. Convenient access to NJ Transit provides direct service to New York City and Hoboken. A significant advantage is the on-site 3,000-space parking garage, ensuring ample parking for customers and employees. This is a truly exceptional opportunity for businesses seeking a prominent and well-connected location in a thriving downtown area.
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
UR · 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.