225 Madison Ave - Office FOR SALE


Morristown, NJ 07960
$1,950,000 USD
973-635-7272
225 Madison Ave, Morristown, NJ for Sale
$1,950,000 USD
Office - FOR SALE
1/26
null | 6.7% Cap Rate

Jun '27


225 Madison Ave
Morristown, NJ 07960


HIGHLIGHTS

  • high visibility
  • ample parking
  • close to downtown Morristown

OVERVIEW

Located just outside of the vibrant downtown Morristown, and close to route 24 and I287, this iconic self standing office building is a great investment opportunity for a a buyer or an end user. With 8856 square feet of beautiful office space, currently fully occupied by World Insurance this building is currently producing income. Current lease is in force until 6/30/27. Space has recently had new carpet installed, large reception area, private offices on all three floors, open areas with cubicle work spaces, conference rooms, 6 restrooms(2 per floor) and storage. Building has 6 air conditioning units and heating units with ample power to insure a perfect work environment. This site also allows for 37 on site surface parking spaces. Lease documents and expenses can be provided upon request.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$220 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

B-11, Morristown

APN/PARCEL ID

22-08301-0000-00007

ASK ABOUT THIS PROPERTY

Patrick DriscollDriscoll Real EstateMore Info
973-635-7272

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Patrick DriscollDriscoll Real EstateMore Info
973-635-7272

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.