Renovated Commercial Property on
For Sale
$900,000
317-319 Washington, Belleville, NJ 07109
Meticulously renovated commercial property with modern functionality and historic charm.
Property Size4,022 SF
Price / SF$223.77
Days on Market275
Property Features for 317-319 Washington
General Information
Standard status
Active
Size
4,022 SF
Property subtype
Commercial
Listing Agency:
PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY-TENAFLY
(201) 568-5668
Listed By:
ANGELA BECERRA
Source:
Corcoran
Added: Nov 4, 2025
Changed: Jul 10
Last Checked: Aug 6 at 4:39AM
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 PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY-TENAFLY
Investment Insights
Based on property information with market context.
This meticulously renovated commercial property offers approximately 4,022 sq ft across two floors. The space, formerly a house of worship and later a dance studio, blends historic charm with modern functionality. The first floor features five offices, two bathrooms, and a reception area with a fireplace. The second floor offers an open-concept layout with a kitchenette, bathroom, and an additional office. The property is suitable for professionals such as doctors, attorneys, accountants, or creative firms. It is located on Washington Avenue, with access to Garden State Parkway, Route 3, and Route 21. Rear parking, multiple entrances, and access to shops, restaurants, and public transportation are available. The turn-key property is ready for immediate occupancy.
Key Highlights
- Meticulously renovated 4,022 sq ft commercial property blending historic charm with modern functionality.
- Ideally located on Washington Avenue, minutes from Garden State Parkway, Route 3, and Route 21.
- First floor: five spacious offices, two bathrooms, and reception area with fireplace.**
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 | $120.7k | $30.00 |
| − Vacancy | −$38.6k | −$9.60 |
| EGI | $82.0k | $20.40 |
| − OpEx | −$20.5k | −$5.10 |
| NOI | $61.5k | $15.30 |
4,022 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$879.1K
$769.2K – $1.03M
NOI $61,537 @ 7.0% cap · market cap 6.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$919.0K – $1.23M
NOI $73,516 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,673
Businesses Nearby
Explore this area
Business Placement
Demographics for 07109, NJ
38,078
Population
15,045
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
87%
High-School Grad
3.3 sq mi
ZIP Area
11,539
Density / Sq Mi
$90,164
Median Household Income
$47,446
Median Earnings
$1,596
Median Rent
$405,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Meticulously renovated commercial property with modern functionality and historic charm.
Where is this office units located?
The property is located at 317-319 Washington Belleville, NJ.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Meticulously renovated 4,022 sq ft commercial property blending historic charm with modern functionality.; Ideally located on Washington Avenue, minutes from Garden State Parkway, Route 3, and Route 21.; First floor: five spacious offices, two bathrooms, and reception area with fireplace.**
