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175 N Main St 20,000 SF 100% Leased Office Building Wharton, NJ 07885 $4,000,000 ($200/SF)

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Investment Highlights

Professional Offices, Art Studio, Architect, Engineering, Restaurant, Liquor License, Cellular Antenna Tower.

Executive Summary

Great Investment & Opportunity to own a 20,000 square foot all Brick Building on 1.51 Acres that is mixed use with offices and a Restaurant. Available is a Liquor License being used for the Restaurant (Norte 175). Restaurant Has Security & Sprinkler System. There is a Decommissioned Water Tower on the Building (Tower roof was done in 1998). This Tower is Approved for Cellular Antenna Leases for up to 100 years. Currently Leasing to T Mobile & Verizon (Towerco). And there is space for Two (2) more Antennas. This once Silk Mill was built in 1885 sits on Washington Forge Pond with a views of flowing water along the side of the building. Office Spaces from 250 sq ft to 4500 sq ft. Existing Tenants include Architects, Photography Studio, Art Studio, Engineering Group, Training Group, Psychologists, and a Religious Group. Features 14 Foot Ceilings, 15" to 25" Column Spacing and charming Brick Walls. Close to Rt 80, Rt. 46 & Rt. 15. Close to Dover & Mt. Arlington Train Stations and NYC Buses. There are 50 Surface Parking Spaces. This is a Special Building with views of the pond and a park with a serene & tranquil setting. Unique Opportunity Awaits!
Call Lidia Gabinelli at 908-334-1151. Must have Verified Pre Approval or Proof of Funds to Schedule a Showing. Must Accompany. Please provide 24 Hour Notice.

175 N Main Street - Floor Plan

Financial Summary (Actual - 2024)	Annual	Annual Per SF
Gross Rental Income	$338,000	$16.90
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$338,000	$16.90
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$100,000	$5.00
Net Operating Income	$238,000	$11.90

Financial Summary (Actual - 2024)

Gross Rental Income
Annual	$338,000
Annual Per SF	$16.90

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$338,000
Annual Per SF	$16.90

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$100,000
Annual Per SF	$5.00

Net Operating Income
Annual	$238,000
Annual Per SF	$11.90

Property Facts

Sale Type

Investment or Owner User

Sale Conditions

1031 Exchange

Property Type

Office

Property Subtype

Office/Residential

Building Size

20,000 SF

Building Class

Year Built/Renovated

1885/2015

Price

$4,000,000

Price Per SF

$200

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Typical Floor Size

10,000 SF

Slab To Slab

14’

Building FAR

0.30

Lot Size

1.51 AC

Opportunity Zone

Yes

Zoning

Retail Business District - OPPORTUNITY ZONE. Retail Business District. Restaurant w/Liquor License. Residential on 2nd Level a possibility. .

Parking

50 Spaces (2.5 Spaces per 1,000 SF Leased)

24 Hour Access
Atrium

Fitness Center
Food Service

Restaurant
Waterfront

Outdoor Seating
Air Conditioning

Major Tenants

Alex Contracting
-
-
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Bainbridge Counseling
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Clear Choice Cleaning
-
-
-
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Entrepreneurial U
-
-
-
-

Fountain Network
-
-
-
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Koenig Architect
-
-
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Nkunims
-
-
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Norte 175
Retailer
-
-
-

Professional, Scientific, and Technical Services
-
-
-

Peraton is a privately held national security and technology company that provides advanced information technology, engineering, and mission support services to U.S. government agencies. The company was formed in 2017 through the acquisition of Harris Corporation’s government IT services business by private-equity firm Veritas Capital and has since expanded through additional acquisitions. Peraton supports a broad range of federal customers, including the Department of Defense, intelligence agencies, and civilian government organizations. Headquartered in Reston, Virginia, Peraton delivers services across domains such as cyber defense, space systems, intelligence, defense, cloud computing, enterprise IT, and data analytics. The company operates as a major government contractor and systems integrator, supporting long-term federal programs and large-scale technology modernization initiatives. Peraton is not publicly traded. Public job postings and program descriptions indicate that this site supports healthcare program integrity, data analysis, and investigative services related to Medicare and Medicaid programs, reflecting Peraton’s role in federal health and compliance support operations.

Perspecta
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Tenant	Industry	SF Occupied	Rent/SF	Lease End
Alex Contracting	-	-	-	-
Bainbridge Counseling	-	-	-	-
Clear Choice Cleaning	-	-	-	-
Entrepreneurial U	-	-	-	-
Fountain Network	-	-	-	-
Koenig Architect	-	-	-	-
Nkunims	-	-	-	-
Norte 175	Retailer	-	-	-
	Professional, Scientific, and Technical Services	-	-	-
Perspecta	-	-	-	-