1 Madison Ave
Morristown, NJ 07960
Bldg 1 · Office Property For Sale
Property Facts
Amenities
- Bus Line
- Property Manager on Site
- Signage
About 1 MADISON AVE , MORRISTOWN, NJ 07960
Classic Victorian office building in prime Morristown location. Perfect for owner-occupant. Excellent 1031 tax exchange opportunity. Possibility of passive income. Two conference rooms, large reception area, kitchenette,lavatory, 3 offices and large open workspace on 1st level. Six offices and lavatory on 2nd floor. Five offices and storage room (plumbing for lavatory) on 3rd floor. Walk out basement with 2 large storage areas. Mimimum of nineteen parking spaces in rear lot. Stained glass windows and decorative fireplaces. One HVAC system per floor. Asking $1,700,000. Also available for rent at $30/sq. ft. triple net. Conveniently located near Rts. 287, 24 and 80 and in close proximity to the Morristown Green and Morristown Memorial Hospital.
Property Taxes
| Parcel Number | 24-06501-0000-00001 | Improvements Assessment | $776,200 |
| Land Assessment | $1,340,000 | Total Assessment | $2,116,200 |
Property Taxes
