Mixed-Use Property Near Train
396 Main Street Metuchen, NJ 08840
396 Main Street, Metuchen, NJ, 08840
$1,500,000
For Sale
$1,500,000
COMMERCIAL - Metuchen, NJ
Property Size4,224 SF
Lot Size0.06 Acres
Price / SF$355.11
Days on Market1275
Property Features for 396 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B1
- Parking features
- On Street, Garage
- Standard status
- Active
- APN
- 09001210000000051
- Size
- 4,224 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2019
- Tax Annual Amount
- 24628
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Floors in Building
- 2
- Flooring type
- Radiant, Linoleum, Laminate
- Building materials
- Brick
- Roof type
- Flat
Listing agency
KELLER WILLIAMS ELITE REALTORS
(732) 549-1998
Listed by
Cynthia Kilker · License #1542275
(732) 549-1998
Added: Jan 25, 2023 Updated: Jul 9 at 4:16AM Checked: Jul 23 at 2:06AM
MLS# 2350725M
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use commercial property is located in a high-traffic area near the train station and various businesses. The property is fully leased and generates income from three retail stores and two residential rental units. The building is very well maintained and situated in a great location. The lot size is 0.0551 acres, and the property size is 4,224 square feet. The zoning is B1.
Key Highlights
- Mixed‑use commercial property with 3 retail stores and 2 residential rentals, fully leased
- Located beside the train station with foot traffic and nearby business establishments
- Brick construction with a flat roof
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.7k | $30.00 |
| − Vacancy | −$8.6k | −$2.04 |
| EGI | $118.1k | $27.96 |
| − OpEx | −$53.1k | −$12.58 |
| NOI | $65.0k | $15.38 |
4,224 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$928.0K
$812.0K – $1.08M
NOI $64,957 @ 7.0% cap · market cap 4.33%
Second Best
Retail
$861.3K
$753.6K – $1.00M
NOI $60,290 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$1.10M
$965.1K – $1.29M
NOI $77,208 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quick In Food Store
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Income-generating mixed-use property with retail and residential units.
Where is this mixed-use property located?
The property is located at 396 Main Street Metuchen, NJ.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Mixed‑use commercial property with 3 retail stores and 2 residential rentals, fully leased; Located beside the train station with foot traffic and nearby business establishments; Brick construction with a flat roof
