Income-Generating Mixed-Use
396 Main St Metuchen, NJ 08840
396 Main St, Metuchen, NJ, 08840
$1,500,000
For Sale
$1,500,000
Fully leased mixed-use property with retail and residential units.
Property Size4,224 SF
Lot Size0.06 Acres
Price / SF$355.11
Days on Market1178
Property Features for 396 Main St
General Information
- Standard status
- Active
- Size
- 4,224 SF
- Lot size
- 0.06 Acres
- Property subtype
- Commercial
Listing Agency
KELLER WILLIAMS ELITE REALTORS
(732) 549-1998
Listed by
CYNTHIA KILKER · License #1542275
Source
Corcoran
Added: May 1, 2023 Updated: Jul 6 at 9:53 am Checked: Jul 20 at 3:41 am
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 KELLER WILLIAMS ELITE REALTORS
Investment Insights
Based on property information with market context.
This is an income-generating mixed-use commercial property. The property is fully leased and includes three retail stores and two residential rental units. The property is very well maintained and experiences a high volume of foot traffic due to its location near the train station and various other businesses. The property size is 4,224 square feet.
Key Highlights
- Income‑generating mixed‑use commercial property.
- Fully leased with 3 retail stores and 2 residential rentals.
- High foot traffic location next to the train station.
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 - Fully leased mixed-use property with retail and residential units.
Where is this mixed-use property located?
The property is located at 396 Main St 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: Income‑generating mixed‑use commercial property.; Fully leased with 3 retail stores and 2 residential rentals.; High foot traffic location next to the train station.
