Prime Mendham Commercial Building For
19 E Main St Mendham, NJ 07945
For Sale
$1,600,000
Freestanding commercial building in Mendham's vibrant downtown business district.
Property Size5,490 SF
Price / SF$291.44
Days on Market64
Property Features for 19 E Main St
General Information
Standard status
Active
Size
5,490 SF
Property subtype
Commercial
Building Details
Year Built
1967
Listing Agency:
COMPASS NEW JERSEY, LLC
(973) 315-8180
Listed By:
COURTNEY ORLANDO
Source:
Corcoran
Added: May 26
Changed: Jul 10
Last Checked: Jul 28 at 6:33AM
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 COMPASS NEW JERSEY, LLC
Investment Insights
Based on property information with market context.
Located at 19 East Main Street in downtown Mendham, this freestanding commercial building offers a rare opportunity for ownership. The property features exceptional exposure and curb appeal on Main Street. The flexible commercial space is suitable for professional offices, boutique retail, medical, wellness, or a variety of service-oriented businesses. Approximately two-thirds of the building is currently leased, providing immediate income for investors. The remaining suite offers an ideal opportunity for an owner-occupant or the ability to generate additional rental income. The flexible layout allows for multiple business uses and provides long-term investment potential. A standout feature is the abundance of parking, including two separate parking lots providing convenient access for employees, clients, and customers. One of the parking lots is partially leased to a neighboring business, creating an additional income stream. The property is situated in the center of Mendham's vibrant downtown business district, surrounded by established businesses, restaurants, and upscale residential neighborhoods. The property size is 5,490 square feet.
Key Highlights
- Prime location in the heart of desirable downtown Mendham with high visibility and exceptional exposure.
- Immediate income from existing leases covering approximately two‑thirds of the building.
- Abundant parking with two separate lots, one partially leased for additional income.
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 | $164.7k | $30.00 |
| − Vacancy | −$52.7k | −$9.60 |
| EGI | $112.0k | $20.40 |
| − OpEx | −$28.0k | −$5.10 |
| NOI | $84.0k | $15.30 |
5,490 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $83,997 @ 7.0% cap · market cap 5.25%
Second Best
Retail
$1.12M
$979.5K – $1.31M
NOI $78,360 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,348 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding commercial building in Mendham's vibrant downtown business district.
Where is this storefront property located?
The property is located at 19 E Main St Mendham, NJ.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Prime location in the heart of desirable downtown Mendham with high visibility and exceptional exposure.; Immediate income from existing leases covering approximately two‑thirds of the building.; Abundant parking with two separate lots, one partially leased for additional income.
