14 Washington StMorristown, NJ 07960

  • Other commercial real estate
  • 0.45 AC
For Lease
$50/SF/YR View listing

Property Details for 14 Washington St

Construction
BRICK
Lot size
0.45 AC
Zone code
CBD
Property type
Other commercial real estate
APN
24 05906-0000-00002
APU
2405906000000002

Description

This exceptional Class A commercial property, located at 14-24 Washington Street in Morristown, NJ, offers a unique blend of retail, office, and residential space within a beautifully restored historic building. Originally constructed approximately 100 years ago as four separate structures, Morristown Mews underwent a complete renovation in the mid-1990s, resulting in a cohesive and modern complex. The building boasts a total of 39,000 square feet across four stories. Currently, the ground floor houses established retail tenants, including a restaurant and a florist. The second floor provides 3,500 square feet of high-quality Class A office space, currently available for lease. The upper two floors are comprised of luxury apartments. This prime location offers unparalleled convenience, situated just half a block from both the Morris County Courthouse and the Morristown Green, ensuring high visibility and accessibility. The building's meticulous restoration preserved its historic charm while incorporating modern amenities and infrastructure, including updated electrical, plumbing, and HVAC systems. This presents a rare opportunity to secure space in a landmark Morristown building with a strong tenant base and exceptional location. Currently, 2,444 square feet of space is vacant, providing immediate occupancy potential. The property's mixed-use nature and central location make it an ideal investment for discerning businesses seeking a prestigious address in a thriving community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $4,119,665
    Hospitality
    $3,773,591
    Educational
    $3,139,583
    Medical
    $3,247,558
    Retail
    $4,883,796
14 Washington St, Morristown, New Jersey

Location Insight

City
Morristown
County
Morris
State
New Jersey
Latitude
40.7972
Longitude
-74.4827
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
2022
$168,111
$1,300,000
$4,316,800
$5,616,800
-
$1,300,000
$4,316,800
$5,616,800

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