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    560 Main St Chatham, NJ 07928

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    For Sale
    $1,799,999

    Premier location with redevelopment potential in Chatham Borough.

    Property size:
    6,600 SF
    Lot size:
    0.38 Acres

    Property Features for 560 Main St

    General Information

    Size
    6,600 SF
    Lot size
    0.38 Acres

    Source: Newmark & Associates, Inc. Agent Helene Elbaum

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Main Street Corner Property

    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.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chatham
    County
    Morris
    State
    New Jersey
    Longitude
    -74.3944764
    Latitude
    40.7464167

    Nearby Similar for Sale

    • $1,050,000
      2,058 SF

      Chatham Borough Commercial Opportunity

      Unique commercial property near downtown Chatham Boro with storage and parking.
      17 Ogden St, Chatham, NJ 07928
      View Details
    • $925,000
      2,455 SF

      Historic Chatham Borough Mixed-Use Property

      Versatile building in downtown Chatham, zoned for office and residential.
      368 Main St, Chatham, NJ 07928
      View Details

    FAQs

    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
    (201) 320-3430
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    Chatham, NJ 07928
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    560 Main St Chatham, NJ 07928
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