155 Main StMadison, NJ 07940

  • Other commercial real estate
  • 1,419 SF
For Lease
$25.68/SF/YR View listing

Property Details for 155 Main St

Year built
1900
Construction
FRAME
Lot size
0.37 AC
Property size (Sq ft)
1,419 SF
Zone code
GBA
Property type
Other commercial real estate
APN
17 02601-0000-00021
APU
1702601000000021

Description

This exceptional two-story building, located in Morris County, offers 1,490 square feet of versatile office space, ideal for a variety of uses. The layout includes five private offices; two conveniently situated on the ground floor and three on the upper level, providing flexibility for different team sizes or departmental needs. A dedicated kitchen area adds convenience for staff and clients. The single-tenant occupancy ensures privacy and control over the entire space. The building's classification encompasses Executive Office, Coworking, Medical Office, Creative Office, and Traditional Office uses, making it suitable for a wide range of businesses. This property presents a unique opportunity to acquire a well-maintained, functional space in a desirable Morris County location. The building's design is adaptable to various business configurations, allowing for customization to meet specific operational requirements. The property's size and layout offer an excellent balance between privacy and collaborative work environments. The inclusion of a kitchen area enhances the overall functionality and convenience of the space. This is a rare opportunity to secure a well-positioned, versatile office building in a thriving Morris County market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $268,530
    Hospitality
    $245,972
    Educational
    $204,646
    Medical
    $211,684
    Retail
    $318,338
155 Main St, Madison, New Jersey

Location Insight

City
Madison
County
Morris
State
New Jersey
Latitude
40.7552
Longitude
-74.4098
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,018
$392,400
$142,700
$535,100
-
$392,400
$142,700
$535,100

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