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Executive Summary

Fully occupied mixed-use retail property offered for sale in a prime Morristown location. The first floor is occupied by a restaurant tenant, while the second floor consists of two residential units, including one 2-bedroom and one 1-bedroom apartment. The property offers additional upside potential, with the possibility of adding more units subject to town approval (buyer to verify). All units are separately metered for utilities, supporting efficient management and reduced operating expenses. This well-located asset presents an attractive opportunity for investors seeking stable income with future growth potential.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,069 SF
Building Class
C
Year Built
1990
Cap Rate
5%
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.76
Lot Size
0.04 AC
Zoning
B - Business Zoning
Frontage
29’ on Morris St
Walk Score®
Walker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Bank of America
Wells Fargo
Columbia Bank
Pure Barre
Guerrilla Fitness Crossfit Morristown
Stretchlab
Philly Pretzel Factory
Hummus Republic
Peapack Private Bank & Trust
Chase

Property Taxes

Property Taxes

Parcel Number
24-04702-0000-00035
Land Assessment
$306,000
Improvements Assessment
$848,300
Total Assessment
$1,154,300
  • Listing ID: 39790700

  • Date on Market: 3/16/2026

  • Last Updated:

  • Address: 117-119 Morris St, Morristown, NJ 07960

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