Downtown Office Building For
For Sale
$495,000
29 Center St, Clinton, NJ 08809
Office building with potential for residential conversion.
Property Size2,960 SF
Price / SF$167.23
Days on Market199
Property Features for 29 Center St
General Information
Standard status
Active
Size
2,960 SF
Building Details
Year Built
1900
Listing Agency:
RED BARN REALTY
Listed By:
CARL ANTHONY PORAMBO · License #238079
(908) 754-0111
Source:
Luminancerealty
Added: Apr 1
Changed: Oct 10
Last Checked: Oct 5 at 11:26PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,288
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,760
$905.8K
Cap Rate 7%
$646,971
$647.0K
Cap Rate 9%
$503,200
$503.2K
Market Conditions
NOI Build-Up for 2,960 SF
Gross rent
$88.8K $30.00/SF
− Vacancy
−$28.4K −$9.60/SF
EGI
$60.4K $20.40/SF
− OpEx
−$15.1K −$5.10/SF
NOI
$45.3K $15.30/SF
Area
Hunterdon County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,760
Cap Rate 7%
$646,971
Cap Rate 9%
$503,200
Alternative Uses
Best Use
Office B
$647.0K
$566.1K – $754.8K
NOI $45,288 @ 7.0% cap · market cap 9.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$772.9K
$676.3K – $901.7K
NOI $54,104 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
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 $495,000.
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).
