Building Details

Building Size 3,299 SF

Year Built 1910

Stories 3

Listing Agency: Haven Real Estate Collective Show Phone

Listed By: Robert H Steeg Show Phone

Source: Cammarotarealestate

Added: Feb 1 Changed: Oct 22 Last Checked: Oct 22 at 2:35PM

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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 Haven Real Estate Collective

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Investment Insights

Based on property information with market context.

At 15–17 Main St. in Clinton, New Jersey, the offering brings together restaurant real estate, the restaurant business and its equipment, and two rental units above. An outdoor dining area is also part of the property. The building dates to 1910, and the site is commercially zoned.

A separate building lot directly next door is included, with building plans. The restaurant does not have a liquor license; BYOB is noted.

Key Highlights

• Restaurant real estate, business, and equipment included
• Two rental units located upstairs
• Separate neighboring building lot comes with building plans

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$50,451

Cap Rate

3.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,009,020 $1.0M

Cap Rate 7%

$720,729 $720.7K

Cap Rate 9%

$560,567 $560.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,299 SF

Gross rent

$71.3K $21.60/SF

− Vacancy

−$4.0K −$1.21/SF

EGI

$67.3K $20.39/SF

− OpEx

−$16.8K −$5.10/SF

NOI

$50.5K $15.29/SF

Area

Hunterdon County, NJ

Vacancy

5.60%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,009,020

Cap Rate 7%

$720,729

Cap Rate 9%

$560,567

Alternative Uses

Best Use

Specialty Retail

$720.7K

$630.6K – $840.9K (±1% cap)

NOI $50,451 @ 7.0% cap · market cap 3.36%

Second Best

Mixed Use

$500.0K

$437.5K – $583.3K (±1% cap)

NOI $34,998 @ 7.0% cap · market cap 2.33%

Theoretical Best

Office A

$861.4K

$753.8K – $1.01M (±1% cap)

NOI $60,300 @ 7.0% cap · market cap 4.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Doctor Entertainment Nightclub Main Street Communications Advertising Agency The Counseling Corner, LLC Crisis Center

Suggested Use

Top Pick Parking Lot & Garage Locksmith (Bike/Boat/Book/etc) Store Catering Service Auto Parts Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

734

Businesses Nearby

23k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 91% Hotels & Casinos 9%

PNC Bank Shops & Services

8,101 visits/mo 0.1 miles

Bank of America Shops & Services

5,884 visits/mo 0.3 miles

Exxon Shops & Services

3,397 visits/mo 0.2 miles

TownePlace Suites Clinton Hotels & Casinos

2,199 visits/mo 0.5 miles

Napa Auto Parts Shops & Services

2,096 visits/mo 0.3 miles

Demographics for 08809, NJ

7,255

Population

2,353

Households

3.1

Avg Household Size

44

Median Age

52%

College-Educated

92%

High-School Grad

6.9 sq mi

ZIP Area

1,051

Density / Sq Mi

$127,169

Median Household Income

$68,209

Median Earnings

$1,721

Median Rent

$413,400

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The sale includes restaurant equipment and business interests, two upper-level rental units, and a neighboring lot with building plans.

Where is this mixed-use property located?

The property is located at 15 - 17 Main St #00 Clinton, 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: Restaurant real estate, business, and equipment included; Two rental units located upstairs; Separate neighboring building lot comes with building plans