31 S Main St, Wharton, NJ 07885
Commercial - Wharton Boro, NJ
- Added:
- Jun 8, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 10 at 1:06 am
Property Features for 31 S Main St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- Size
- 1,550 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7042
Utilities
- Cooling system
- None (Cooling)
Building Details
- Year built
- 1950
- Building materials
- Block, Brick
- Roof type
- Flat, Rubber
- Architectural style
- Other
Listing agent KUNHO LEE (866) 201-6210
Listing office EXP REALTY, LLC 28 VALLEY ROAD, Montclair, NJ (866) 201-6210
Listing date Jun 8, 2026
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Block and brick construction
- Flat, rubber roof
- No cooling (cooling: none)
- Year built: 1950
- Buyer to verify all zoning and commercial usage permissions with the Wharton Borough zoning office
Overview
The property is described as having direct access to major transportation arteries, including Interstate 80 and Route 15. It is positioned within Wharton Borough in Morris County.
The space may be of interest to buyers looking to own a retail storefront property in Wharton Borough under Commercial zoning. Because the public remarks note that permitted commercial uses can vary by property type and location, prospective buyers should confirm allowable uses and any related regulations with the municipality before proceeding with plans for a business or tenant.
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 | $33.5k | $21.60 |
| − Vacancy | −$1.9k | −$1.21 |
| EGI | $31.6k | $20.39 |
| − OpEx | −$9.5k | −$6.12 |
| NOI | $22.1k | $14.27 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Wharton
- County
- Morris
- State
- New Jersey
- Longitude
- -74.58322
- Latitude
- 40.89803
