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Warehouse, Workshop, Apartments & Offices 56 E Main St 10,500 SF 48% Leased Retail Building Sussex, NJ 07461 $1,199,000 ($114.19/SF)
Investment Highlights
- Exceptional Investment Value: 56 E Main offers a rare opportunity to acquire a a high-standard building at massive discount vs. replacement cost
- Strong Immediate Cash Flow: Features three fully tenanted apartments & two commercial tenants, offsetting carrying cost
- Load-bearing CMU walls with cores filled with grout and continuous horizontal reinforcement for vastly superior shear and lateral load resistance
- Perfect for contractors or specialty trades, the building provides expansive warehouse space, multiple showroom/office areas & ample parking
- The ~2,000 SF shop space is engineered for trade-based operations with three grade-level overhead doors, 13-foot clearances, and 15-foot ceilings
- An R-30 (9.5-inch batt) insulation assembly between the commercial and residential levels provides critical sound attenuation.
Executive Summary
56 E Main Street, Sussex, NJ is a well-positioned, masonry-built mixed-use asset priced at $1,199,000.
It includes three tenanted residential apartments, two tenanted office suites, a warehouse & shop space with three grade-level overhead doors at 13-foot clearance and approximately 15-foot interior ceiling height, a large paved rear lot built for equipment and trailer staging, and a large, dry basement for storage.
All units are separately metered for gas and electric.
This asset is ideally suited for an owner-user in a trade-based business, contractor, specialty trade, or similar operation seeking a highly functional headquarters.
It offers expansive open warehouse and shop space, complete with an equally large, dry basement for storage and three roll-up doors, plus multiple offices or showroom areas.
On-site apartments and leased office space provide ancillary income to offset carrying costs, while the prominent location on a main thoroughfare at the New York-New Jersey border ensures exceptional business visibility and transport access.
From a replacement-cost perspective, replicating a building of this standard today would cost multiples beyond the asking price, allowing the buyer to acquire a premium asset at a substantial discount to modern development costs.
It includes three tenanted residential apartments, two tenanted office suites, a warehouse & shop space with three grade-level overhead doors at 13-foot clearance and approximately 15-foot interior ceiling height, a large paved rear lot built for equipment and trailer staging, and a large, dry basement for storage.
All units are separately metered for gas and electric.
This asset is ideally suited for an owner-user in a trade-based business, contractor, specialty trade, or similar operation seeking a highly functional headquarters.
It offers expansive open warehouse and shop space, complete with an equally large, dry basement for storage and three roll-up doors, plus multiple offices or showroom areas.
On-site apartments and leased office space provide ancillary income to offset carrying costs, while the prominent location on a main thoroughfare at the New York-New Jersey border ensures exceptional business visibility and transport access.
From a replacement-cost perspective, replicating a building of this standard today would cost multiples beyond the asking price, allowing the buyer to acquire a premium asset at a substantial discount to modern development costs.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
10,500 SF
Year Built
1970
Price
$1,199,000
Price Per SF
$114.19
Percent Leased
48%
Building Height
2 Stories
Building FAR
0.42
Lot Size
0.57 AC
Opportunity Zone
Yes
Zoning
OR - Office Residential
Parking
25 Spaces (2.38 Spaces per 1,000 SF Leased)
Frontage
200’ on Main St
Amenities
- Fenced Lot
- Signage
- Storage Space
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 21-00505-0000-00011 | Improvements Assessment | $433,800 |
| Land Assessment | $69,200 | Total Assessment | $503,000 |
Property Taxes
Parcel Number
21-00505-0000-00011
Land Assessment
$69,200
Improvements Assessment
$433,800
Total Assessment
$503,000
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Warehouse, Workshop, Apartments & Offices | 56 E Main St
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