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

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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
Retail
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
Vacant
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

Starbucks
ACME
Chase Bank
IHOP
Santander

PROPERTY TAXES

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
  • Listing ID: 37589005

  • Date on Market: 4/15/2025

  • Last Updated:

  • Address: 12 Route 202, Montville, NJ 07045

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