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312 Main St 2,500 SF 100% Leased Retail Building Boonton, NJ 07005 $449,000 ($179.60/SF)
INVESTMENT HIGHLIGHTS
- Perfect mixed use opportunity
- Upside in apartment rent
- Bonus space in basement and finished attic
EXECUTIVE SUMMARY
Excellent investment or owner/user opportunity on thriving Main Street. The storefront features approximately 1,200 square feet of open, high ceiling space that is highlighted by an original tin ceiling, and is currently leased as a convenience store. The spacious upstairs apartment also has tenants in place and holds tremendous upside. A large, partially finished basement with walk-out potential, fresh facade paint, and a chance to own a piece of this desirable historic downtown round out the features of this attractive offering.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,500 SF
Building Class
C
Year Built
1928
Price
$449,000
Price Per SF
$179.60
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.14
Lot Size
0.40 AC
Zoning
B-4 - Highway business or commercial uses, intended to accommodate retail, service, and office establishments that serve both local and regional traffic.
Frontage
AMENITIES
- Smoke Detector
Walk Score®
Very Walkable (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-00034-0000-00005-01 | Improvements Assessment | $143,500 |
| Land Assessment | $94,800 | Total Assessment | $238,300 |
PROPERTY TAXES
Parcel Number
01-00034-0000-00005-01
Land Assessment
$94,800
Improvements Assessment
$143,500
Total Assessment
$238,300
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312 Main St
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