Corner Lot Commercial
2 Main St Netcong, NJ 07857
2 Main St, Netcong, NJ, 07857
$430,000
For Sale
$430,000
Highly visible commercial property in commuter-friendly Morris County borough.
Property Size1,492 SF
Lot Size0.25 Acres
Price / SF$288.20
Days on Market178
Property Features for 2 Main St
General Information
- Standard status
- Active
- Size
- 1,492 SF
- Lot size
- 0.25 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1942
Listing Agency
REALTY EXECUTIVES EXCEPTIONAL
(973) 347-3700
Listed by
STACEY MICHELMAN
Source
Corcoran
Added: Jan 23 Updated: Jul 10 at 3:46 pm Checked: Jul 19 at 4:40 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 REALTY EXECUTIVES EXCEPTIONAL
Investment Insights
Based on property information with market context.
This highly-visible corner lot commercial property is located directly on Main Street. Originally constructed in 1942, the building offers the character and presence of a classic Main Street structure. The property benefits from strong visibility, a walkable downtown environment, and proximity to major transportation routes. The property's location and zoning create a versatile foundation for long-term value, making it suitable for a wide range of commercial uses, including retail, professional office, or service-oriented business. The property is accessible from I80, Route 46 and Netcong Train Station. The building has a size of 1492 square feet and is located in Netcong Boro, NJ.
Key Highlights
- Highly visible corner lot on Main Street.
- Located in a commuter‑friendly borough with easy access to major transportation routes (I80, Route 46, Netcong Train Station).
- Versatile zoning suitable for retail, office, or service‑oriented businesses.
Local Financial Insights For Retail
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 | $32.2k | $21.60 |
| − Vacancy | −$1.8k | −$1.21 |
| EGI | $30.4k | $20.39 |
| − OpEx | −$9.1k | −$6.12 |
| NOI | $21.3k | $14.27 |
1,492 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$304.2K
$266.2K – $354.9K
NOI $21,296 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$389.6K
$340.9K – $454.5K
NOI $27,271 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Netcong Village Florist — 49 Main St, Netcong, NJ 07857
FAQs
What type of property is this?
Storefront property - Highly visible commercial property in commuter-friendly Morris County borough.
Where is this storefront property located?
The property is located at 2 Main St Netcong, NJ.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Highly visible corner lot on Main Street.; Located in a commuter‑friendly borough with easy access to major transportation routes (I80, Route 46, Netcong Train Station).; Versatile zoning suitable for retail, office, or service‑oriented businesses.
