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Property profile & analytics
FOR SALE
Commercial real estate

4 Perry St Morristown, NJ 07960

3,010 SF 0.13 ac lot Built 1876
Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US59-0551101
Property summary
AI-generated overview

This exceptional 3,500 square foot mixed-use property, located at 4 Perry Street in the heart of Morristown, NJ, presents a unique investment opportunity. Situated on a 0.13-acre lot, this building offers a versatile layout ideal for a variety of uses. The ground floor boasts three private offices, a reception area, waiting room, kitchenette, print and copy area, and a bathroom, perfect for professional office space. Upstairs, cozy apartments provide potential for rental income, allowing for live-in management or conversion into additional living space. The property's prime location offers easy access to the Morristown train station, public transportation, restaurants, and theaters, ensuring high visibility and convenience. Permitted uses are diverse, including general and professional offices, medical facilities, art galleries, childcare centers, and single-family or multi-family residential. This presents a flexible option for business owners or investors seeking a blend of commercial and residential income streams. Note that this property is attached to 2 Perry Street (separate ownership, also for sale), offering potential for expansion or a larger investment portfolio. Priced at $1,599,000, this property represents a rare chance to acquire a thriving mixed-use asset in a highly desirable location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1876
Construction FRAME
Total area 3,010 SF
Lot 0.13 ac (5,650 SF)
Zoning code ORC
APN 24 06205-0000-00007
UPID US59-0551101
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Margaret Ospina, NP Physician
  • Carly M. Ferrara, FNP Physician
  • Dicenzo-Flynn Carla F MD Physician
  • Kidney Nutrition Clinic LLC Medical Clinic
  • Metanu Center Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
4 Perry Street LLC · 17 yrs held
4 Perry Street LLC
since 2009
2 recorded transactions
2009
$625,000
1969
Price N/A
Zoning & alternative use
ORC · Morristown, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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