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1000 Main St 3,213 SF 100% Leased Retail Building Boonton, NJ 07005 $775,000 ($241.21/SF) 7.04% Cap Rate
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to exclusively present 1000 Main Street, Boonton, Morris County, New Jersey.
This property represents a compelling opportunity to acquire a well-located commercial asset in the heart of Boonton, New Jersey—one of Morris County’s most
historically vibrant and steadily growing downtown districts. Situated along Boonton’s primary retail and commuter corridor, the property benefits from exceptional
visibility, strong daily traffic counts, and immediate access to local amenities, public transportation, and key regional highways.
The surrounding submarket has experienced consistent economic growth, supported by a diverse mix of local businesses, increasing residential demand, and ongoing
downtown revitalization initiatives. This environment positions 1000 Main Street to capitalize on sustained tenant interest, stable occupancy, and long-term rent growth.
This property represents a compelling opportunity to acquire a well-located commercial asset in the heart of Boonton, New Jersey—one of Morris County’s most
historically vibrant and steadily growing downtown districts. Situated along Boonton’s primary retail and commuter corridor, the property benefits from exceptional
visibility, strong daily traffic counts, and immediate access to local amenities, public transportation, and key regional highways.
The surrounding submarket has experienced consistent economic growth, supported by a diverse mix of local businesses, increasing residential demand, and ongoing
downtown revitalization initiatives. This environment positions 1000 Main Street to capitalize on sustained tenant interest, stable occupancy, and long-term rent growth.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
3,213 SF
Building Class
B
Year Built
1900
Price
$775,000
Price Per SF
$241.21
Cap Rate
7.04%
NOI
$54,580
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.63
Lot Size
0.03 AC
Zoning
B-1 - Retail Business Zone
Frontage
51’ on Main St
Walk Score®
Very Walkable (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-00034-0000-00022-01 | Improvements Assessment | $302,200 (2025) |
| Land Assessment | $116,000 (2025) | Total Assessment | $418,200 (2025) |
PROPERTY TAXES
Parcel Number
01-00034-0000-00022-01
Land Assessment
$116,000 (2025)
Improvements Assessment
$302,200 (2025)
Total Assessment
$418,200 (2025)
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1000 Main St
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