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182 South St
Morristown, NJ 07960

Morristown Medical Arts Center · Office Property For Sale

PROPERTY FACTS

Property Type
Office
Property Subtype
Medical
Building Size
36,317 SF
Building Class
B
Year Built
1980
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
36,317 SF
Building FAR
0.38
Lot Size
2.18 AC
Zoning
CBD - Central Business District
Parking
117 Spaces (10 Spaces per 1,000 SF Leased)

About 182 South St , Morristown, NJ 07960

Marcus & Millichap, as exclusive broker, is pleased to present Morristown Medical Arts Center (“MMAC’’), an exceptional opportunity to acquire, a 36,317 square foot, single story medical office building in Morris County’s highly affluent community of Morristown. With 96.6% occupancy and a private parking lot the Property offers a rare Morristown opportunity capturing the recent surge in population and rental rates within the submarket. MMAC is strategically located in the pedestrian-friendly community offering retail, restaurants and is a walkable .30 mile to The Morristown Station - Morristown Commuter Rail - offering direct access to Penn Station Manhattan and easy access to Interstate 287, Route 24 and Route 202. MMAC sits a half mile from Morristown Medical Center – Atlantic Health Systems was the only hospital in the state to be recognized by Health grades as one of ‘America’s 50 Best Hospitals’ for the third consecutive year.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
24-04601-0000-00013
Land Assessment
$5,632,000
Improvements Assessment
$1,789,700
Total Assessment
$7,421,700
  • Listing ID: 12219824

  • Date on Market: 4/11/2018

  • Last Updated:

  • Address: 182 South St, Morristown, NJ 07960

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