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305 W Main St 4,690 SF 47% Leased Office Building Boonton, NJ 07005 $1,300,000 ($277.19/SF) 6.72% Cap Rate
Executive Summary
Highly visible 4,690 SF commercial building located in the heart of Boonton's business district within Morris County's supply-constrained commercial market. This well-maintained multi-level asset offers investors the rare combination of immediate value-add potential and long-term flexibility.
The first floor is leased through October 31, 2026, providing dependable cash flow, while approximately 2,500 SF on the second and third floors is available for lease or owner occupancy. The available space is being marketed at a competitive rental rate below market to accelerate lease-up, providing a clear opportunity for a new owner to increase occupancy, enhance net operating income, and grow asset value.
Configured as two units, each with a separate entrance, this property is well suited for investors, owner-users, or businesses seeking to occupy a portion of the building while benefiting from rental income. The second and third floors feature private offices, conference rooms, open work areas, and a kitchenette, making the space ideal for professional office, medical, legal, accounting, financial services, consulting, architectural, engineering, wellness, educational, or other professional users.
The property presents a compelling investment opportunity with a 6.7% cap rate based on current income, with significant upside through lease-up of the available office space and future rental growth. Recent capital improvements include a new fire suppression system (2025), updated windows, and an improved driveway, reducing near-term capital expenditures.
The property also benefits from 15 private on-site parking spaces, a rare amenity in downtown Boonton, and zoning that permits professional office, medical, retail, vocational, personal services, salon/spa, and other commercial uses, with potential for mixed-use redevelopment subject to municipal approvals.
Conveniently located within walking distance of restaurants, retail, and NJ Transit, with easy access to Routes 287, 202, 46, and Interstate 80.An exceptional opportunity for private investors, owner-users, and 1031 exchange buyers seeking stable income today with a defined path to increased NOI and long-term appreciation.
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- Offering Memorandum
Property Facts
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
2,500 SF Professional Office Space for Lease in Boonton | Immediate Occupancy | Plenty of Parking Position your business in the heart of Boonton's thriving business district. Approximately 2,500 SF of professional office space is available on the second and third floors of this well-maintained commercial building, offering a flexible layout ideal for a wide range of professional users. The space features a combination of private offices, conference rooms, collaborative work areas, a kitchenette, and abundant natural light, providing an efficient and professional environment for businesses seeking room to grow. The flexible floor plan can accommodate a variety of office configurations and operational needs. Ideal uses include medical and healthcare providers, attorneys, accountants, financial advisors, insurance agencies, architects, engineers, consultants, marketing and creative firms, technology companies, nonprofits, educational organizations, counseling and wellness practices, and other professional service businesses. A standout feature of the property is its 15 private on-site parking spaces, a rare amenity that provides added convenience for employees and clients. The building also offers excellent visibility along West Main Street and is within walking distance of restaurants, coffee shops, retail, banking, and other downtown amenities. Conveniently located just minutes from Routes 287, 202, 46, and Interstate 80, with easy access to NJ Transit, the property offers excellent regional connectivity for commuters and visitors alike. Available for immediate occupancy. Competitive modified gross lease terms offered.
2,500 SF Professional Office Space for Lease in Boonton | Immediate Occupancy | Plenty of Parking Position your business in the heart of Boonton's thriving business district. Approximately 2,500 SF of professional office space is available on the second and third floors of this well-maintained commercial building, offering a flexible layout ideal for a wide range of professional users. The space features a combination of private offices, conference rooms, collaborative work areas, a kitchenette, and abundant natural light, providing an efficient and professional environment for businesses seeking room to grow. The flexible floor plan can accommodate a variety of office configurations and operational needs. Ideal uses include medical and healthcare providers, attorneys, accountants, financial advisors, insurance agencies, architects, engineers, consultants, marketing and creative firms, technology companies, nonprofits, educational organizations, counseling and wellness practices, and other professional service businesses. A standout feature of the property is its 15 private on-site parking spaces, a rare amenity that provides added convenience for employees and clients. The building also offers excellent visibility along West Main Street and is within walking distance of restaurants, coffee shops, retail, banking, and other downtown amenities. Conveniently located just minutes from Routes 287, 202, 46, and Interstate 80, with easy access to NJ Transit, the property offers excellent regional connectivity for commuters and visitors alike. Available for immediate occupancy. Competitive modified gross lease terms offered.
| Space | Size | Space Use | Build-Out | Available |
| 2nd Floor | 1,500 SF | Office | Full Build-Out | Now |
| 3rd Floor | 1,000 SF | Office | Full Build-Out | Now |
2nd Floor
| Size |
| 1,500 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Floor
| Size |
| 1,000 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size | 1,500 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
2,500 SF Professional Office Space for Lease in Boonton | Immediate Occupancy | Plenty of Parking Position your business in the heart of Boonton's thriving business district. Approximately 2,500 SF of professional office space is available on the second and third floors of this well-maintained commercial building, offering a flexible layout ideal for a wide range of professional users. The space features a combination of private offices, conference rooms, collaborative work areas, a kitchenette, and abundant natural light, providing an efficient and professional environment for businesses seeking room to grow. The flexible floor plan can accommodate a variety of office configurations and operational needs. Ideal uses include medical and healthcare providers, attorneys, accountants, financial advisors, insurance agencies, architects, engineers, consultants, marketing and creative firms, technology companies, nonprofits, educational organizations, counseling and wellness practices, and other professional service businesses. A standout feature of the property is its 15 private on-site parking spaces, a rare amenity that provides added convenience for employees and clients. The building also offers excellent visibility along West Main Street and is within walking distance of restaurants, coffee shops, retail, banking, and other downtown amenities. Conveniently located just minutes from Routes 287, 202, 46, and Interstate 80, with easy access to NJ Transit, the property offers excellent regional connectivity for commuters and visitors alike. Available for immediate occupancy. Competitive modified gross lease terms offered.
3rd Floor
| Size | 1,000 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
2,500 SF Professional Office Space for Lease in Boonton | Immediate Occupancy | Plenty of Parking Position your business in the heart of Boonton's thriving business district. Approximately 2,500 SF of professional office space is available on the second and third floors of this well-maintained commercial building, offering a flexible layout ideal for a wide range of professional users. The space features a combination of private offices, conference rooms, collaborative work areas, a kitchenette, and abundant natural light, providing an efficient and professional environment for businesses seeking room to grow. The flexible floor plan can accommodate a variety of office configurations and operational needs. Ideal uses include medical and healthcare providers, attorneys, accountants, financial advisors, insurance agencies, architects, engineers, consultants, marketing and creative firms, technology companies, nonprofits, educational organizations, counseling and wellness practices, and other professional service businesses. A standout feature of the property is its 15 private on-site parking spaces, a rare amenity that provides added convenience for employees and clients. The building also offers excellent visibility along West Main Street and is within walking distance of restaurants, coffee shops, retail, banking, and other downtown amenities. Conveniently located just minutes from Routes 287, 202, 46, and Interstate 80, with easy access to NJ Transit, the property offers excellent regional connectivity for commuters and visitors alike. Available for immediate occupancy. Competitive modified gross lease terms offered.
Property Taxes
| Parcel Number | 01-00118-0000-00006-01 | Improvements Assessment | $88,500 |
| Land Assessment | $361,500 | Total Assessment | $450,000 |
Property Taxes
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305 W Main St