15 Mount Kemble AveMorristown, NJ 07960

Property Details for 15 Mount Kemble Ave

Year built

1916

Construction

FRAME

Lot size

0.21 AC

Property size (Sq ft)

4,141 SF

Zone code

B

Property type

Office properties

Property subtype

Office buildings

APN

24 06003-0000-00019- 01

APU

240600300000001901

Description

This exceptional Class A office building, located in Morristown's Town Center Historic District, offers 5,120 square feet of versatile space ideal for a variety of businesses. Built in 1994 and renovated in 2016, the three-story building sits on a 9,147.6 square foot lot and features thirteen plus parking spaces. The single-tenant space is zoned B and offers a blend of executive, creative, and traditional office layouts, making it suitable for law firms or other professional practices. The property boasts multiple conference rooms, designed to facilitate productive meetings and client consultations. Its central Morristown location provides easy access to restaurants, shops, and public transportation, including the nearby Morristown train station. The building's modern design and decor create a professional and elegant atmosphere. Gas and electric power are available. This turn-key property presents a unique opportunity to establish a prominent presence in a thriving commercial hub. The property is conveniently located at 15 Mt Kemble Ave, Morristown, NJ 07960, near Entrance Ave.

• CAP approach

  CAP return

  Valuation

  6%

  $755,247

  6.5%

  $697,151

  7%

  $647,355

• Comparable approach

  Method

  Valuation

  Relative Method

  $541,792

  Geo Method

  $541,063

• Alternative Use

  Use

  Valuation

  Residential

  $864,467

  Hospitality

  $791,848

  Educational

  $658,808

  Medical

  $681,465

  Retail

  $1,024,812

Location Insight

City

Morristown

County

Morris

State

New Jersey

Latitude

40.7939

Longitude

-74.485

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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