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47 Main St 2,200 SF 100% Leased Retail Building Clinton Township, NJ 08809 $700,000 ($318.18/SF)
Investment Highlights
- Historic town charm with waterfall views and plenty of parking
- Lease on apartment is up in 2027 to accommodate new tenant or new lese with current
- Apartment on 2nd floor is in desirable area in walking distance to coffee shops, ice cream and other amenities
Executive Summary
This prime retail/rental property boasts views of the historic Red Mill and South Branch waterfall. The 1st floor, occupied by the town's favorite ice cream/froyo store, features 1,100 sq ft. The upstairs apartment mirrors this footprint and includes an open-concept kitchen, dining, and living area, plus a half bath with laundry. The master suite offers waterfall and Main Street views, a walk-in tiled shower, and ample storage. The property includes parking for 4-6 cars in the rear and a deck for seasonal enjoyment.
Financial Summary (Actual - 2025) 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 |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) 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 | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,200 SF
Building Class
C
Year Built
1900
Price
$700,000
Price Per SF
$318.18
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.63
Lot Size
0.08 AC
Zoning
C-1
Parking
6 Spaces (2.73 Spaces per 1,000 SF Leased)
Frontage
22’ on Main St
Amenities
- Air Conditioning
- Smoke Detector
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-00011-0000-00015 | Total Assessment | $508,900 (2026) |
| Land Assessment | $120,000 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $388,900 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
05-00011-0000-00015
Land Assessment
$120,000 (2026)
Improvements Assessment
$388,900 (2026)
Total Assessment
$508,900 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Photos
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Contact the Sale Advisor
47 Main St