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32 Mount Kemble

+/- 8,856 SF Boutique Office Asset Moments from the Morristown Green

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Active

Asking Price:Unpriced

Deal terms are not currently defined. Request your own specific terms when submitting a non-binding offer.

Address 

32 Mt Kemble Ave, Morristown, NJ 07960

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Date Added
Jul 11, 2024
Days on Market
250 days
Time Since Last Update
61 days

Details

Property TypeMixed Use, Multifamily, Office
SubtypeApartment Building, Traditional Office
Investment TypeOwner/User
ClassA
TenancyMulti
Number of Tenants2
Square Footage8,856
Units2
Year Built2021
Buildings1
Stories3
ZoningMF-1 (Single & Two-Family Residential)
Lot Size (acres)0.46
Ground LeaseNo
OwnershipFee

Marketing Description

As exclusive agent, Cushman & Wakefield is pleased to offer a 100% fee interest in 32 Mount Kemble Avenue, Morristown, New Jersey 07960 for sale.​  Recently completed in 2020, this mixed-use asset consists of approximately 6,188 SF of exceptionally built office space, with two additional 1-bedroom loft-style apartments providing rental income for the landlord.​  The property sits on a +/-0.46 acre lot with 153’ of frontage on Mount Kemble Avenue and benefits from superior street-level visibility due to all of the parking for the building being located in the rear of the property (17 covered spaces beneath the building and 13 uncovered parking spaces).​ 32 Mount Kemble Avenue benefits from its meticulous exterior and interior craftsmanship along with its downtown location moments from the Morristown Green and the South Street retail corridor.​ This offering represents the rare opportunity for an investor or occupier to acquire a premium boutique office asset in one of the most desirable markets in Northern New Jersey to either lease to one or more office tenants or to occupy for the purchaser’s business.​ The owner of the property currently occupies 100% of the office space and will consider proposals that call for their business to fully vacate the property at sale or for a leaseback of part of the office space with terms to be negotiated.​

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Due Diligence

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