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$2,500,000
119 Morris St, Morristown Town, NJ, 07960
4
Baths
117-119 Morris St, Morristown, NJ ? Mixed-Use Investment Opportunity Prime mixed-use investment property located in the heart of Morristown. This 3-unit building features 1 commercial space (restaurant) and 2 residential units above, consisting of one 1-bedroom and one 2-bedroom apartment. Positioned directly across from the train station, this property offers unmatched visibility and foot traffic. Neighboring a brand-new 7-Eleven and Wingstop, just minutes from multiple newly developed, high-value office buildings, the location continues to see strong growth and redevelopment. Morristown is widely recognized as one of the most desirable towns in Morris County, making this a highly attractive asset for both investors and tenants alike. Strong income potential with a mix of commercial and residential use in a rapidly developing area.
Offered By
HIGHMARK REAL ESTATE
Property Details
Property Type
Commercial
Status
Active
Property Sub Type
MixedUse
MLS #
4016420
Bathrooms (Half)
4
Heating
Forced Hot Air, Radiators - Steam
Cooling
Central Air, Window A/C(s)
Utility Features
See Remarks
SEWER
Public Sewer
WATER SOURCE
Public Water
Year Built
1990
Basement
Unfinished, Walkout
Roof
Flat
EXTERIOR FEATURES
Brick/Block
Parking Features
None
CITY
Morristown Town
COUNTY
Morris
STATE
NJ
TAX AMOUNT
11786.0
LATEST UPDATE
2026-03-30T14:01:26.556Z
DAYS ON MARKET
6
PRICE CHANGE(S)
$2,500,000 Mar 30, 2026
Property Details
Property Type
Commercial
Status
Active
Property Sub Type
MixedUse
MLS #
4016420
Bathrooms (Half)
4
New Properties On Market
85
215%
Increase In New Listings
Average Asking Price
$873,454
$8,298 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$331
$38 Increase In List Price/Sq. Ft.
Average Days On Market
4
10 Day
Decrease In Days On Market
Data as of Jun 04, 2026.
Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.
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