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Prime Mendham Commercial Building For Sale

19 E Main St Mendham, NJ 07945

19 E Main St, Mendham, NJ, 07945

$1,600,000

For Sale

$1,600,000

Freestanding commercial building in Mendham's vibrant downtown business district.

Property Size5,490 SF

Price / SF$291.44

AddedMay 26

Days on Market51

Last RefreshMay 27 at 7:23 am

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 office COMPASS NEW JERSEY, LLC

Listing date May 26, 2026

Source Corcoran

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $83,997 @ 7.0% cap · market cap 5.25%

Second Best

Retail

$1.12M

$979.5K – $1.31M (±1% cap)

NOI $78,360 @ 7.0% cap · market cap 4.90%

Theoretical Best

Office A

$1.43M

$1.25M – $1.67M (±1% cap)

NOI $100,348 @ 7.0% cap · market cap 6.27%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Mendham Medical Group Medical Clinic Audrey I Prefer, ... Physician Gregg Marella, MD, ... Physician Luciana Skin Care Alternative Medicine Practice

Suggested Use

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Similar Off Market Nearby

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For sale
Storefront properties
NJ
Mendham
07945
19 E Main St

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.