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6 Hilltop Rd 6,342 SF 100% Leased Retail Building Mendham, NJ 07945 $1,450,000 ($228.63/SF) 7.32% Cap Rate
Investment Highlights
- Block: 1501, Lot: 41
- Location: Located within Mendham’s Historic Business district, a nationally recognized area listed on the National Register of Historic Places
- Tenant Mix: Quality neighborhood tenants
- Zoning: Historic Business District
- 100% fully leased: Providing immediate and consistent cash flow
- Parking: 21 onsite parking spaces plus direct access to an adjacent municipal lot, supporting customer traffic
Executive Summary
The property is a mixed-use commercial property consisting of three buildings with a total of seven commercial suites and one residential unit, allowing for a combination of retail, office, and residential occupancy. Current NOI: $106,102.45
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,342 SF
Building Class
C
Year Built
1900
Price
$1,450,000
Price Per SF
$228.63
Cap Rate
7.32%
NOI
$106,102
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
0.46 AC
Zoning
B - Historic Business District
Frontage
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-01501-0000-00041 | Improvements Assessment | $368,000 |
| Land Assessment | $582,000 | Total Assessment | $950,000 |
Property Taxes
Parcel Number
18-01501-0000-00041
Land Assessment
$582,000
Improvements Assessment
$368,000
Total Assessment
$950,000
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6 Hilltop Rd
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