Renovated Mixed-Use
For Sale
$899,000
Pending
310 Main St, Boonton, NJ 07005
Commercial space and two apartments combine within a maintained, flexible-use property near downtown amenities and transit.
Property Size4,232 SF
Days on Market51
Property Features for 310 Main St
General Information
Standard status
Pending
Size
4,232 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$14,628
Building Details
Building Size
4,232 SF
Year Built
1920
Stories
3
Units
4
Listing Agency:
COMPASS NEW JERSEY, LLC
Listed By:
MARY C. MENARD
(973) 315-8180
Source:
Elliman
Added: Aug 26
Changed: Oct 6
Last Checked: Oct 15 at 12:37AM
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.
Renovated in 2007, this 4,200-square-foot mixed-use building combines commercial and residential components. The first floor contains a 1,300-square-foot office with hardwood flooring and two potential suite layouts, each with a half bath. A separate 1,500-square-foot lower-level workspace includes high ceilings, large windows, a full bath, and a kitchenette.
The upper level provides two apartments: a 650-square-foot one-bedroom and a 750-square-foot two-bedroom. Both feature hardwood floors, full baths, and hookups for in-unit laundry. The property is located at 310 Main St in Boonton Town, near local boutiques, restaurants, NJ Transit, and access to Routes 80 and 287.
The upper level provides two apartments: a 650-square-foot one-bedroom and a 750-square-foot two-bedroom. Both feature hardwood floors, full baths, and hookups for in-unit laundry. The property is located at 310 Main St in Boonton Town, near local boutiques, restaurants, NJ Transit, and access to Routes 80 and 287.
Key Highlights
- 4,200‑square‑foot mixed‑use building at 310 Main St, Boonton Town, NJ 07005
- Renovated in 2007
- 1,300‑square‑foot first‑floor office with potential for two suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,080
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,301,600
$1.3M
Cap Rate 7%
$929,714
$929.7K
Cap Rate 9%
$723,111
$723.1K
Market Conditions
NOI Build-Up for 4,232 SF
Gross rent
$127.0K $30.00/SF
− Vacancy
−$8.6K −$2.04/SF
EGI
$118.3K $27.96/SF
− OpEx
−$53.2K −$12.58/SF
NOI
$65.1K $15.38/SF
Area
Morris County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,301,600
Cap Rate 7%
$929,714
Cap Rate 9%
$723,111
Alternative Uses
Best Use
Apartment 5plus
$929.7K
$813.5K – $1.08M
NOI $65,080 @ 7.0% cap · market cap 7.24%
Second Best
Office B
$925.0K
$809.4K – $1.08M
NOI $64,750 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$1.11M
$966.9K – $1.29M
NOI $77,354 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 07005, NJ
15,985
Population
6,115
Households
2.6
Avg Household Size
43
Median Age
56%
College-Educated
96%
High-School Grad
18.3 sq mi
ZIP Area
873
Density / Sq Mi
$126,411
Median Household Income
$66,198
Median Earnings
$1,779
Median Rent
$565,900
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space and two apartments combine within a maintained, flexible-use property near downtown amenities and transit.
Where is this mixed-use property located?
The property is located at 310 Main St Boonton, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 4,200‑square‑foot mixed‑use building at 310 Main St, Boonton Town, NJ 07005; Renovated in 2007; 1,300‑square‑foot first‑floor office with potential for two suites
