5 Budd St, Morristown Town NJ 07960-5075

$549,000
Active
Morristown Town

About this home

A unique opportunity to own a freestanding commercial building with 4 off-street parking spaces in the heart of Morristown - just steps from Whole Foods, near the Morris County Courthouse and a short walk to the Green. Recently upgraded from top to bottom, the interior offers a large open-concept main space with vaulted ceilings, separate private office, private bathroom and wet bar/kitchenette area, providing a functional layout for a variety of professional uses. Roof just 3 years old, forced hot air, central air, public sewer, public water. Located in Morristown's MX-1 zone, the property presents a multitude of options beyond a traditional office. Attorneys, financial planners, consultants and other professionals can own their office or satellite location rather than lease, while buyers may also explore a potential residential/live-work conversion with the Town potentially without necessarily altering the existing exterior footprint. This could create a rare opportunity to combine living and working space under one roof, with potential qualifying home-office tax benefits depending on the owner's circumstances. The Seller is also open to including the remaining furniture for an agreed-upon price, offering the ability to purchase a nearly turnkey space. This unique property offers several different paths at a price point rarely available this close to the center of town. Commercial, residential and mixed-use possibilities are subject to Town approval and buyer due diligence.

Taxes & fees

Annual property tax
$6,693
Tax year
2025
Tax rate
1.760

Property details

Year Built
2013
Roof (*text)
Asphalt Shingle
Floors No
Concrete, Laminate, Wood
Lot Size Area
0.05
MLS #
4047566

Features & amenities

Year Built (*numeric)
2013
Basement
No
Roofing (*text)
Asphalt Shingle
Days on market
0
Basement (*text)
No
Cooling (*text)
1 Unit, Central Air
Garage spaces
2
Heating
1 Unit, Forced Hot Air
Lot dimensions
46X50
Property Location

40.799567276906, -74.490115642548

Geo Lat Long Proximity (field_pro_lat_long)
Units: Miles
Origin Coordinates
Value in decimal degrees. Use dot (.) as decimal separator.
Listing source
GSMLS
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