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12 Main Rd 12 Route 202 3,821 SF 56% 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
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
Amenities
- Corner Lot
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Located in a prime Montville location near the Boonton border, this versatile commercial property offers multiple available suites ranging from approximately 485 to 1,668 square feet, with the option to lease individual units or, subject to availability, the entire building. The property provides excellent visibility and exposure along a highly traveled roadway, with convenient access and a strong surrounding mix of successful shops, businesses, and restaurants—ideal for businesses seeking a high-profile presence. Available units feature private entrances, half bathrooms, and access to a shared on-site parking lot for customers and staff. Select suites also offer a private rear deck, while the ground-level suite includes a large two-car garage and ample storage, offering added flexibility for a variety of business uses. Don’t miss this opportunity to secure a standout location in a thriving Montville business corridor. Unit 1 - 485 Sq Ft - $2,000 Unit 2 - 960 Sq Ft - $3000 Unit 4 - 1668 Sq Ft - $3500
| Space | Size | Space Use | Position | Available |
| 1,2 and 4 | 485-1,668 SF | Retail | - | Now |
1,2 and 4
| Size |
| 485-1,668 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1,2 and 4
| Size | 485-1,668 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Located in a prime Montville location near the Boonton border, this versatile commercial property offers multiple available suites ranging from approximately 485 to 1,668 square feet, with the option to lease individual units or, subject to availability, the entire building. The property provides excellent visibility and exposure along a highly traveled roadway, with convenient access and a strong surrounding mix of successful shops, businesses, and restaurants—ideal for businesses seeking a high-profile presence. Available units feature private entrances, half bathrooms, and access to a shared on-site parking lot for customers and staff. Select suites also offer a private rear deck, while the ground-level suite includes a large two-car garage and ample storage, offering added flexibility for a variety of business uses. Don’t miss this opportunity to secure a standout location in a thriving Montville business corridor. Unit 1 - 485 Sq Ft - $2,000 Unit 2 - 960 Sq Ft - $3000 Unit 4 - 1668 Sq Ft - $3500
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
Presented by
12 Main Rd | 12 Route 202
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