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$549,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 5 Budd St
General
- Price: $549,000
- Taxes: $6,693 (2025)
- Status: Active
- Type: Retail
- Source: Garden_State
- MLS ID: 4047566
- Updated: 8/18/2026
- Added to Site: 4 day(s) ago
Business
- Includes: Building & Land, Equipment, See Remarks
Interior
- Flooring: Concrete, Laminate, Wood
Rooms
Bathrooms
- Total Bathrooms: 1
- Restrooms: 1
Additional Information
- Equipment: Appliances, Furniture, Kitchen Area, Office Equipment, Restrooms - Private, Security System
Parking
- Garage Spaces: 2
- Parking: 2 Car Width, Blacktop, Parking Lot-Exclusive
Location
- County: Morris
- Driving Directions: Washington Street to Budd Street
- Location Details: Business District, Residential Area
Heating & Cooling
- Cooling Type: 1 Unit, Central Air Conditioning
- Heating Type: 1 Unit, Forced Hot Air
- Heating Fuel: Electric
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Cable TV Available, Fiber Optic Available, Garbage Included
Structural Information
- Construction: See Remarks
- Exterior Const.: Composition Siding
- Roof: Asphalt Shingles
- Stories in Building: 1
- Square Feet: 936
- Aprox. Leasable: 936 Sq. Ft.
- Office: 936 Sq. Ft.
- Year Built: 2013
Lot Features
- Lot Size (Acres): 0.05
- Lot Size: 46X50
- Permitted Use: Commercial and Residential
- Zoning: MX-1
Financial Considerations
- Assessment Amount: $380,300
- Land Assmt: $224,200
- Tax Amount: $6,693
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: No Documents Available
- Disclosures: Yes
- APN: 2324-08303-0000-00008-0000-
- Block: 8303
- Lot Number: 8
Listed by Weichert Realtors
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Price & Sales History for 5 Budd St
Date
Details
Price
Change
Source
8/18/2026
Listed
$549,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5 Budd St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,393
-13%
$380,300
—
2023
$7,317
1%
$380,300
57%
2022
$7,273
1%
$243,000
—
2021
$7,234
—
$243,000
—
2020
$7,261
1%
$243,000
—
2018
$7,168
3%
$243,000
—
2017
$6,962
3%
$243,000
—
2016
$6,789
6%
$243,000
—
2015
$6,379
-12%
$243,000
—
2019
$7,258
16%
$243,000
—
2013
$6,282
—
$243,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5 Budd St
5 Budd St, Morristown, NJ 07960 (MLS# 4047566) is a Retail property. 5 Budd St is currently listed for $549,000 and was received on August 18, 2026. Want to learn more about 5 Budd St? Do you have questions about finding other Retail real estate for sale in Morristown? You can browse all Morristown real estate or contact a Coldwell Banker agent to request more information.

