For Sale
$1,950,000

225 Madison Ave Morristown, NJ 07960

Iconic Office Building, High-Income Potential.

Overview

Added:
Feb 3
Days on market:
83
This exceptional 8,856 square foot freestanding office building presents a compelling investment opportunity in Morristown, NJ. Strategically located just outside the vibrant downtown area, with convenient access to Route 24 and I-287, this property offers significant advantages. Currently fully occupied by World Insurance under a lease extending until June 30, 2027, this building generates immediate income. The spacious interior boasts a large reception area, private offices across three floors, open workspaces adaptable to various configurations, multiple conference rooms, and six restrooms (two per floor). Recent upgrades include new carpeting throughout. The building is well-equipped with six air conditioning and heating units, ensuring a comfortable work environment, and ample power is available. On-site parking is plentiful, with 37 surface spaces. The 0.7-acre lot provides ample room for expansion or future development. Detailed lease documents and expense reports are available upon request. This property is ideal for both investors seeking a strong return and end-users requiring substantial, well-maintained office space. Don't miss this chance to acquire a prime commercial property in a thriving New Jersey market.

Property Details for 225 Madison Ave

Property type
Office properties
Square Feet
8,856 SF
Year Built
1964
Lot Size (sq. ft)
30,492 SF

Location Insight

City
Morristown
County
Morris
State
New Jersey
Latitude
40.78526
Longitude
-74.45366

FAQs

What type of property is this?
Office property - Iconic Office Building, High-Income Potential.
Where is the office property located?
The property is located at 225 Madison Ave Morristown, NJ.
What is the asking price?
The asking price for this property is $1,950,000.
How can I contact the broker?
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225 Madison Ave
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