Downtown Office Building For
29 Center St Clinton, NJ 08809
29 Center St, Clinton, NJ, 08809
$499,000
For Sale
$499,000
Office building with potential for residential conversion.
Property Size2,960 SF
Price / SF$168.58
Days on Market107
Property Features for 29 Center St
General Information
- Standard status
- Active
- Size
- 2,960 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency
RED BARN REALTY
(908) 754-0111
Listed by
CARL ANTHONY PORAMBO · License #238079
Source
Corcoran
Added: Apr 1 Checked: Jul 16 at 7:16 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 RED BARN REALTY
Investment Insights
Based on property information with market context.
This commercial property is located in a downtown area and features three separate entrances, one for each floor. The property was previously used as an accounting firm. With town approval and the installation of a fire system, the second floor could potentially be converted to residential space; an estimate for this conversion is available. The roof was last updated in July 2025. The property has a size of 2960 square feet and is suitable for office use.
Key Highlights
- Prime downtown location suitable for business.
- Three separate entrances for each floor.
- Potential to convert 2nd floor to residential with town approval and fire system installation (estimate available).
Local 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 | $88.8k | $30.00 |
| − Vacancy | −$28.4k | −$9.60 |
| EGI | $60.4k | $20.40 |
| − OpEx | −$15.1k | −$5.10 |
| NOI | $45.3k | $15.30 |
2,960 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$647.0K
$566.1K – $754.8K
NOI $45,288 @ 7.0% cap · market cap 9.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$772.9K
$676.3K – $901.7K
NOI $54,104 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Les Hall & Associates, ...
Tax Preparation
Richard D. Walton, ...
Tax Preparation
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office building with potential for residential conversion.
Where is this office building located?
The property is located at 29 Center St Clinton, NJ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Prime downtown location suitable for business.; Three separate entrances for each floor.; Potential to convert 2nd floor to residential with town approval and fire system installation (estimate available).
