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$ 1,300,000
Est. payment /mo
Active
305 W Main St Boonton Town, NJ 07005
4,690 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,690 sqft
Price per Sqft $277
MLS Listing ID 4021781
Year Built 1880
Annual Tax Amount $15,651
Tax Year 2025
Lot Size 0.370 Acres
Property Description
Investment or Owner-User Opportunity | 6.7% Cap Rate | Immediate UpsideHighly visible 4,690 SF commercial building in the heart of Boonton's thriving business district. This meticulously maintained multi-level property offers the flexibility to invest, occupy, or both. The first floor is leased through October 31, 2026, providing immediate income, while approximately 2,500 SF on the second and third floors is available for owner occupancy or lease, making this an ideal opportunity for both investors and owner-users, to increase NOI and long-term value. Configured as two units with separate entrances, the building features reception areas, private offices, conference rooms, open workspaces, and a kitchenette, making it ideal for medical, professional, legal, financial, wellness, retail, educational, and service businesses. A rare downtown advantage, the property includes 15 private parking spaces. Zoning permits a wide variety of commercial uses with potential mixed-use opportunities, subject to municipal approvals. Recent improvements include a new fire suppression system (2025), updated windows, and an improved driveway. Walk to downtown Boonton's restaurants, shops, and NJ Transit, with easy access to Routes 287, 202, 46, and I-80. Exceptional opportunity for investors, owner-users, and 1031 buyers seeking stable income with leasing and appreciation potential.
Location
State NJ
County Morris
Zoning Commercial
Rooms
Basement Storage, Unfinished
Interior
Heating Gas-Natural
Cooling 2 Units, Central Air
Flooring Carpeting, Laminate
Equipment Fire Alarm, Kitchen Area, Restrooms - Private, Sign - Building, Smoke Detector, Storage Area(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Garage Spaces 15.0
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Corner
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by EXP REALTY, LLC