225 Madison Ave, Morris Twp NJ, 07960

Pending

Under Contract

225 Madison Ave

Morris Twp NJ, 07960

$1,950,000

$220.19 per sqft

Pending

Under Contract

8,856 sqft

Commercial

Built in 1964

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.

3929144

MLSⓇ ID

October 13, 2024

Listed

December 3, 2024

Updated

Map

225 Madison Ave
Morris Twp NJ, 07960

Interior Features

Total Stories: 3
Interior Features: Carpet, Vinyl
Floor Description: Carpet, Vinyl
Fireplace: No
Cooling: Yes
Cooling Description: Central Air
Heating: Yes
Heating Description: Electric, Forced Air, Natural Gas

Exterior/Building Features

Lot Size: 0.7 Acres
Lot Features: Level
Roof: Asphalt
Sewer: Public Sewer

Other Property Details

Taxes: $34,826
Tax Frequency: Annually
Days on Market: 50
Garage: Yes
Garage Spaces: 34
Parking: Off Street
Parking Total: 34
View: No
County: Morris
Water Source: Public
Pool: No
Zoning: B-11

Listing History

Date	Event	Price
12/3/2024	Pending	—

Courtesy of DRISCOLL REAL ESTATE LLC with PATRICK JON DRISCOLL,
Listing Contact: 9736357272

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