Main Street Corner
For Sale
Contact for pricing
560 Main St, Chatham, NJ
Premier location with redevelopment potential in Chatham Borough.
Property Size6,600 SF
Lot Size0.38 Acres
Price / SF$272.73
Days on Market457
Property Features for 560 Main St
General Information
Standard status
Active
Size
6,600 SF
Lot size
0.38 Acres
Property subtype
OFFICE
Listing Agency:
Newmark & Associates, Inc.
(201) 320-3430
Listed By:
Helene Elbaum
(201) 320-3430
Source:
Moodyscre
Added: Apr 30, 2025
Changed: Jul 6
Last Checked: Jul 21 at 3:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark & Associates, Inc.
Investment Insights
Based on property information with market context.
This property is located in a premier location on Main Street in Chatham Borough. Situated on a .38 acre corner lot, the building features new windows, HVAC, and a hot water heater. The B-1 zoning allows for office, retail, childcare, and medical uses. Monument signage is available. On-site parking is provided, in addition to street parking. The property offers potential for redevelopment with a residential component. It is located within walking distance to shopping and restaurants and near major highways. A tax appeal was granted in 2024, resulting in a $21,000 per year reduction. The property is suitable for a user or investor with potential rental income. The building size is 6,600 square feet.
Key Highlights
- 2024 Tax appeal GRANTED, saving $21K per year
- Premier Main Street Chatham Borough location
- B‑1 Zoning allows for office, retail, childcare, and medical uses
Financial Insights For Office B
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 | $198.0k | $30.00 |
| − Vacancy | −$63.4k | −$9.60 |
| EGI | $134.6k | $20.40 |
| − OpEx | −$33.7k | −$5.10 |
| NOI | $101.0k | $15.30 |
6,600 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.44M
$1.26M – $1.68M
NOI $100,980 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,637 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
719
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Premier location with redevelopment potential in Chatham Borough.
Where is this office building located?
The property is located at 560 Main St Chatham, NJ.
What is the asking price?
The asking price for this property is $1,799,999.
What are key features of this property?
This property features: 2024 Tax appeal GRANTED, saving $21K per year; Premier Main Street Chatham Borough location; B‑1 Zoning allows for office, retail, childcare, and medical uses
