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29 Elm Street, Morristown, NJ 07960
$2,845,000
29 Elm Street, Morristown, NJ 07960View this property at 29 Elm Street, Morristown, NJ 07960
29 Elm StreetMorristownNJ07960
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Property Description
The subject property is a 6,300 sq. ft mixed use property consisting of one 1-bedroom apartment and two office units. The property is in excellent condition, has an elevator and sits on a .45-acre parcel with a total of 19 parking spaces. The office tenants include a dental practice and a 300 SF vacant office space. The dental practice is on a ten-year NNN lease and has six and half years of the term remaining. Mondovi Dental, the 1st & 2nd floor tenant, was just purchased in late 2019 by Smile Brands. The Smile Brands company is one of the largest Dental Services Organizations in the country, representing 650 of offices and over 8,000 employees, including 2,200 dentists and hygienists operating in 30 states. The tenant is responsible for 95% of all NNN expenses. There is a 1BR apt is rents for $2.520 per month on a one year lease and the current tenant has renewed twice already. Current NOI is $184,057
Full Property Details
Full Property Details for 29 Elm St
General
- Sold For: $2,845,000
- Taxes: $14,020
- Status: Closed
- Type: Office
- MLS ID: 23022314
- Added to Site: 324 day(s) ago
Rental Information
- Rent Includes: Common Area, Heat, Janitor, None, O/See Rmrks, Tax
Location
- County: MORRIS
Heating & Cooling
- Heating/Cooling: Baseboard, Gas, Hot Water
Utilities
- Utility Description: Sep Elec, Sep Heat, Sep Water
Structural Information
- Architectural Style: Medical
- Description/Design: Office
Water Features
- Water Front Desc.: None
Financial Considerations
- For Sale/Rent/Lease: Sale
- Tax Amount: $14,020
Disclosures and Reports
- Ownership: Corporate
- Flood Zone: None
Listed by R New Jersey LLC (347) 782-3422, Ephraim Setton (347) 782-3422
Sold by Outside Broker (347) 782-3422, Outside Outside Salespers
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Schools
Schools serving 29 Elm St
School District:Morris School District
Rating | Name | Grades | Distance |
---|---|---|---|
101 James St, Morristown, NJ 07960 | 3-5 | 0.6 mi | |
Woodland Elementary School, Morristown, NJ
51 Johnston Dr, Morristown, NJ 07960 | PK-2 | 0.9 mi | |
Lafayette Learning Center
31 Hazel St, Morristown, NJ 07960 | PK-PK | 0.9 mi | |
10 Jane Way, Morristown, NJ 07960 | 6-8 | 2.4 mi | |
50 Early St, Morristown, NJ 07960 | 9-12 | 0.8 mi | |
24 Mills St, Morristown, NJ 07960 | 3-5 | 1 mi | |
19a Normandy Pkwy, Morristown, NJ 07960 | K-5 | 1.4 mi | |
Hillcrest School, Morristown, NJ
160 Hillcrest Ave, Morristown, NJ 07960 | K-2 | 1.4 mi | |
125 Sussex Ave, Morristown, NJ 07960 | 3-5 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 29 Elm St
Date
Details
Price
Change
Source
1/09/2024
Sold
$2,845,000
-1.9%
MLS
7/19/2023
Listed
$2,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
29 Elm Street, Morristown, NJ 07960 (MLS# 23022314) is a Office property that was sold at $2,845,000 on January 09, 2024. Want to learn more about 29 Elm Street? Do you have questions about finding other Office real estate for sale in Morristown? You can browse all Morristown real estate or contact a Coldwell Banker agent to request more information.