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Boonton National Bank 612 Main St 7,286 SF 100% Leased Office Building Boonton, NJ 07005 $1,499,000 ($205.74/SF) 5.67% Cap Rate



EXECUTIVE SUMMARY
Welcome to the "Bank Building", a generational opportunity on thriving Main Street in Boonton. This prominent brick building anchors the core of historic downtown and provides for both a trophy investment and a statement location as a headquarters for your business. Fully updated and renovated in the 2000's, this property is ready for its next steward to benefit from its excellent condition, solid leasing track record and irreplaceable presence. The incredibly versatile floor plates can accommodate needs of varying sizes and can suit lifestyle, office, retail and other commercial uses. Inside and out, the well executed re-imagining of the property offers a great balance of modern styling and functionality with the best of the preserved features from its 20th century heritage. Bright, south facing exposure/views, over-sized windows, high ceilings and character throughout will ensure a desirable and unique workspace for tenants, employees and principals of this attractive offering.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
7,286 SF
Building Class
C
Year Built
1900
Price
$1,499,000
Price Per SF
$205.74
Cap Rate
5.67%
NOI
$85,000
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
1,822 SF
Slab To Slab
12’
Building FAR
1.67
Lot Size
0.10 AC
Zoning
B-1
1 1
Walk Score®
Walker's Paradise (90)
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
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Boonton National Bank | 612 Main St
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