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- LoopNet Team
502-506 Myrtle Ave
Boonton, NJ 07005
502 Myrtle Ave ( Rt. 202) · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Freeway Visibility
- Signalized Intersection
ABOUT 502-506 MYRTLE AVE , BOONTON, NJ 07005
MIXED USE CORNER PROPERTY ADJACENT TO THE ACME FOOD STORE AND STRIP MALL WITH HEAVY TRAFFIC AND VISIBILITY.RT. 287 IS EXITED AND ENTRANCED BOTH NORTH AND SOUTH NEARBY, WAL MART IS AROUND THE CORNER. OLDER BUILDING WITH TREMENDOUS UPSIDE POSSIBILITYhis property is on 100x300 lot, extreme exposure to I 287 and major retail traffic, including upscale neighborhoods of Montville and Boonton. Currently 2 buildings on the lot consisting of 5 apartments with month to month leases. Also have 3 retail space 1 occupied and corner vacant.collecting $7550 per month in under market rent and aside from vacant 2 stores downstairs(valued @$3500+$1500) we have 3 car garage vacant to be used as storage +a loft on the entire main building that also could we have a 2 room office/ apartment vacant. 502 Myrtle Ave.,( RT.202) and the corner of Wooton St. Boonton, NJ
PROPERTY TAXES
| Parcel Number | 01-00069-0000-00075-04 | Improvements Assessment | $832,200 |
| Land Assessment | $440,300 | Total Assessment | $1,272,500 |
PROPERTY TAXES
