225 Madison Ave new Save Request In-Person Tour Request Virtual Tour
Morris Twp.,NJ 07960
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,856 sqft
Price per Sqft $220
MLS Listing ID 3929144
Year Built 1964
Annual Tax Amount $34,826
Tax Year 2023
Lot Size 0.700 Acres
Property Description
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.
Location
State NJ
County Morris
Zoning B-11
Rooms
Basement Finished
Interior
Heating Electric, Gas-Natural
Cooling 4+ Units, Central Air, Multi-Zone Cooling
Flooring Carpeting, Vinyl-Linoleum
Equipment Fire Alarm, Kitchen Area, Restrooms - Private, Sign - Building, Sign - Freestanding, Smoke Detector
Heat Source Electric, Gas-Natural
Exterior
Exterior Feature Brick/Block
Garage Spaces 34.0
Utilities Available Electric, Gas In Street, Gas-Natural
Roof Type Asphalt Shingle
Parking Type Off-Street Parking, Parking Lot-Exclusive
Building
Lot Description Level Lot
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple