1015 Main St - Storefront Retail/Residential FOR SALE


Boonton, NJ 07005
$495,000 USD
973-826-0077
1015 Main St, Boonton, NJ for Sale
$495,000 USD
Storefront Retail/Residential - FOR SALE
1/21
null | Request Cap Rate

NEW


1015 Main St
Boonton, NJ 07005


HIGHLIGHTS

  • Town-approved plans for Mixed-use construction
  • Frontage on a bustling Main St in downtown Boonton
  • Repurpose the building or renovate as-is

OVERVIEW

Exceptional investment opportunity in a bustling downtown area. 1015 Main St presents a rare opportunity to acquire a well-located commercial property in the heart of downtown Boonton, a rapidly developing market with increasing demand for mixed-use assets. Situated on the town's bustling Main Street, this property benefits from high visibility, strong pedestrian traffic, and close proximity to established businesses, restaurants, and retail destinations. This asset comes with town-approved plans for a strategic mixed-use conversion, allowing for one or two commercial units on the ground floor and four residential apartments on the second and third floors. These approvals provide a significant value-add opportunity for investors seeking to reposition the property for long-term growth and stability. Boonton's continued economic expansion and revitalization efforts make this an ideal time to invest. The property's prime location, coupled with its redevelopment potential, offers both immediate and long-term upside. Whether as a stabilized commercial investment or a repositioned mixed-use asset, 1015 Main St represents a compelling opportunity to capitalize on the strength of a growing market.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$404 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

105 Main St

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

B-1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Alexander HouserKeller Williams Prosperity RealtyMore Info
973-826-0077

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Alexander HouserKeller Williams Prosperity RealtyMore Info
973-826-0077

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.