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12 Main Rd 12 Route 202 3,821 SF 100% Leased Retail Building Montville, NJ 07045 $1,445,000 ($378.17/SF) 6.47% Cap Rate



Investment Highlights
- 3 completely Renovated Retail/Office Spaces, 1 Bedroom Apartment upstairs
Executive Summary
Prime Commercial Opportunity in Montville! Located in the desirable B-1 Business District on Main Street, just steps from the Boonton border, this high-visibility property offers exceptional access and exposure. Positioned near NJ Transit bus and train service to NYC and surrounded by successful shops and restaurants, this well-maintained building is ideal for professional offices, retail, or service-oriented businesses. The ground-level features a spacious unit, with a large garage, half bathroom and ample storage. First floor offers two spacious units, each with private entrances and half bath, perfect for a variety of business uses. The second floor offers a 1-bedroom apartment complete with full bath, laundry, eat-in kitchen, living room, and office perfect for living or rental income. With ADA accessibility, a new roof, 12 dedicated parking spaces, and proximity to Routes 46, 80, 287, 280, and 23, this is a rare investment opportunity in a high-traffic, high-demand location.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$116,000
|
$30.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$116,000
|
$30.36
|
| Taxes |
$10,151
|
$2.66
|
| Operating Expenses |
$7,200
|
$1.88
|
| Total Expenses |
$17,351
|
$4.54
|
| Net Operating Income |
$98,649
|
$25.82
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $116,000 |
| Annual Per SF | $30.36 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $116,000 |
| Annual Per SF | $30.36 |
| Taxes | |
|---|---|
| Annual | $10,151 |
| Annual Per SF | $2.66 |
| Operating Expenses | |
|---|---|
| Annual | $7,200 |
| Annual Per SF | $1.88 |
| Total Expenses | |
|---|---|
| Annual | $17,351 |
| Annual Per SF | $4.54 |
| Net Operating Income | |
|---|---|
| Annual | $98,649 |
| Annual Per SF | $25.82 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
3,821 SF
Building Class
C
Year Built
1900
Price
$1,445,000
Price Per SF
$378.17
Cap Rate
6.47%
NOI
$93,492
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.22
Lot Size
0.40 AC
Zoning
B-1A - Retail,Offices, Eating, Childcare, art gallery, salon etc
Frontage
150’ on RT 202 RD
Amenities
- Corner Lot
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 21-00045-0000-00007-01 | Total Assessment | $382,500 |
| Land Assessment | $232,800 | Annual Taxes | $10,151 ($2.66/SF) |
| Improvements Assessment | $149,700 | Tax Year | 2025 |
Property Taxes
Parcel Number
21-00045-0000-00007-01
Land Assessment
$232,800
Improvements Assessment
$149,700
Total Assessment
$382,500
Annual Taxes
$10,151 ($2.66/SF)
Tax Year
2025
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Presented by
12 Main Rd | 12 Route 202
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