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287-289 S Main St 8,000 SF 100% Leased Retail Building Manville, NJ 08835 $1,875,000 ($234.38/SF)
EXECUTIVE SUMMARY
Solid investment property in an up and coming borough with strong fundamentals. Fully leased 9-unit mixed-use property on an expanded lot in downtown Manville. 1 commercial unit (convenience store) and 8 apartments (5 one-bedroom and 3 two-bedroom). 2 apts newly converted from former office space. Separate utilities. Approx. 8,000 sf 2-story steel beam building. Full basement. Large parking area. Annual gross income- $157,000+. Ideal primary investment or superb addition to any portfolio.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
8,000 SF
Building Class
C
Year Built
1956
Price
$1,875,000
Price Per SF
$234.38
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.56
Lot Size
0.33 AC
Zoning
C- commercial district
Parking
24 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-00151-0000-00001 | Total Assessment | $940,000 (2025) |
| Land Assessment | $150,500 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $789,500 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
11-00151-0000-00001
Land Assessment
$150,500 (2025)
Improvements Assessment
$789,500 (2025)
Total Assessment
$940,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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287-289 S Main St
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