NJ > Morris Twp.
Morris Twp., NJ 07960,225 Madison Ave
Morris Twp., NJ 07960,225 Madison Ave
Morris Twp., NJ 07960,225 Madison Ave
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$1,950,000
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8,856 SqFt
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225 Madison Ave Morris Twp., NJ 07960

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Hugo Palacios

Hugo Palacios

+1(973) 670-7046

UPDATED:

10/13/2024 12:14 PM

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

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by DRISCOLL REAL ESTATE LLC

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Hugo Palacios

Team Leader | License ID: 2078904

+1(973) 670-7046

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225 Madison Ave