225 Madison Ave | Morris Twp.

$1,950,000 | 6 Baths (6 Half) | 8,856 Sq. Ft.

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. GSMLS 3929144

Directions to property: Madison Ave.

MLS Listing ID: 
GSMLS 3929144
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Building Details
Details about the building on a property.
Stories: 
3
Year Built: 
1964
Living Area: 
8,856
Basement: 
Finished
Construction
Construction Materials: 
Brick/Block
Roof: 
Asphalt Shingle
Exterior: 
Brick/Block
Energy Information: 
Electric, Gas In Street, Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
6
Total Half-Bathrooms: 
6
Utilities
Information about utilities available on the property.
Heating System: 
4+ Units, Forced Hot Air, Multi-Zone
Heating System Fuel: 
Electric, Gas-Natural
Cooling System: 
4+ Units, Central Air, Multi-Zone Cooling
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.7
Lot Size (Dimensions): 
0.70 AC
Waterfront: 
0
Lot Features
Driveway: 
Off-Street Parking, Parking Lot-Exclusive
Parking Type: 
Off-Street Parking, Parking Lot-Exclusive
Total Parking Spaces: 
34
Public Record
Parcel Number: 
2322-08301-0000-00007-0000-
Lot Number: 
7
Annual Tax: 
$34,826.00
Property Zoning: 
B-11
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
10/13/2024
Contract Details
Details about the listing contract.
Inclusions: 
Building Insurance, Building Maintenance, Sewer, Taxes, Trash Removal, Water
Possession: 
at closing
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
DRISCOLL REAL ESTATE LLC