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Malcolm Street 23 Malcolm St 7,300 SF Industrial Building Morristown, NJ 07960 $2,609,795 CAD ($357.51 CAD/SF)
Executive Summary
Rare Mixed-Use Investment Opportunity | Industrial Building + Two-Family Residence | Morristown / Morris Township
Opportunities like this rarely become available in the Morristown market.
23 Malcolm Street offers a unique combination of approximately 7,300 square feet of industrial/service-commercial space together with a fully leased two-family residence, all situated on one parcel in one of Morris County's most desirable business locations. The property combines immediate rental income with long-term owner-user and investment potential, making it attractive to investors, contractors, service businesses, manufacturers, trades, and entrepreneurs seeking both cash flow and operational flexibility.
The industrial building features approximately 4,930 SF on the main level plus 2,370 SF on the lower level, providing flexible space suitable for manufacturing, fabrication, warehousing, contractor operations, equipment storage, service businesses, or owner-user occupancy. A loft storage area further enhances functionality. Ample on-site parking supports both residential and commercial uses.
The front building consists of a separately occupied two-family residence, creating an additional income stream while enhancing the property's long-term investment profile. This combination of commercial utility and residential rental income is increasingly difficult to find throughout Morris County.
Located just minutes from Downtown Morristown, Morristown Medical Center, NJ Transit rail service, Interstate 287, Route 24, Route 202, and Route 10, the property benefits from exceptional regional accessibility while serving one of Northern New Jersey's strongest employment and rental markets.
Whether you're an investor looking to diversify income, a contractor seeking an operational headquarters, or an owner-user searching for a property that offsets occupancy costs through residential rental income, 23 Malcolm Street represents an exceptional opportunity in a market where small industrial assets are increasingly scarce.
Property Highlights
Approx. 7,300 SF industrial/service-commercial building
Separate two-family residential building
Multiple income streams
Ideal for owner-user or investor
Flexible industrial/service-commercial space
Two-story industrial building with loft storage
On-site parking
Excellent Morris County location
Minutes to Downtown Morristown
Convenient access to I-287, Route 24, Route 202 & Route 10
Rare mixed-use investment opportunity
Strong long-term value-add potential
Opportunities like this rarely become available in the Morristown market.
23 Malcolm Street offers a unique combination of approximately 7,300 square feet of industrial/service-commercial space together with a fully leased two-family residence, all situated on one parcel in one of Morris County's most desirable business locations. The property combines immediate rental income with long-term owner-user and investment potential, making it attractive to investors, contractors, service businesses, manufacturers, trades, and entrepreneurs seeking both cash flow and operational flexibility.
The industrial building features approximately 4,930 SF on the main level plus 2,370 SF on the lower level, providing flexible space suitable for manufacturing, fabrication, warehousing, contractor operations, equipment storage, service businesses, or owner-user occupancy. A loft storage area further enhances functionality. Ample on-site parking supports both residential and commercial uses.
The front building consists of a separately occupied two-family residence, creating an additional income stream while enhancing the property's long-term investment profile. This combination of commercial utility and residential rental income is increasingly difficult to find throughout Morris County.
Located just minutes from Downtown Morristown, Morristown Medical Center, NJ Transit rail service, Interstate 287, Route 24, Route 202, and Route 10, the property benefits from exceptional regional accessibility while serving one of Northern New Jersey's strongest employment and rental markets.
Whether you're an investor looking to diversify income, a contractor seeking an operational headquarters, or an owner-user searching for a property that offsets occupancy costs through residential rental income, 23 Malcolm Street represents an exceptional opportunity in a market where small industrial assets are increasingly scarce.
Property Highlights
Approx. 7,300 SF industrial/service-commercial building
Separate two-family residential building
Multiple income streams
Ideal for owner-user or investor
Flexible industrial/service-commercial space
Two-story industrial building with loft storage
On-site parking
Excellent Morris County location
Minutes to Downtown Morristown
Convenient access to I-287, Route 24, Route 202 & Route 10
Rare mixed-use investment opportunity
Strong long-term value-add potential
Property Facts
| Price | $2,609,795 CAD | Rentable Building Area | 7,300 SF |
| Price Per SF | $357.51 CAD | No. Stories | 2 |
| Sale Type | Owner User | Year Built | 1940 |
| Property Type | Industrial | No. Drive In / Grade-Level Doors | 3 |
| Zoning | RA-7 - RA-7 | ||
| Price | $2,609,795 CAD |
| Price Per SF | $357.51 CAD |
| Sale Type | Owner User |
| Property Type | Industrial |
| Rentable Building Area | 7,300 SF |
| No. Stories | 2 |
| Year Built | 1940 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | RA-7 - RA-7 |
Amenities
- Smoke Detector
- Awning
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 22-10001-0000-00017 | Improvements Assessment | $830,338 CAD |
| Land Assessment | $214,426 CAD | Total Assessment | $1,044,764 CAD |
Property Taxes
Parcel Number
22-10001-0000-00017
Land Assessment
$214,426 CAD
Improvements Assessment
$830,338 CAD
Total Assessment
$1,044,764 CAD
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Malcolm Street | 23 Malcolm St
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