Second-Floor Office
For Sale
Contact for pricing
320 S Main St, Phillipsburg, NJ 08865
Flexible professional workspace with elevator access, private rooms, cubicles, reception, restrooms, and a kitchen area.
Property Size7,400 SF
Price / SF$0.58
Days on Market68
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Property Features for 320 S Main St
General Information
Standard status
Active
Size
7,400 SF
Building Details
Year Built
1980
Listing Agency:
REALTY ONE GROUP NEXT DOOR
Listed By:
MICHAEL DEL CIOPPO · License #292703
(908) 454-1717
Source:
Luminancerealty
Added: Aug 9
Changed: Oct 3
Last Checked: Oct 5 at 7:38PM
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 REALTY ONE GROUP NEXT DOOR
Investment Insights
Based on property information with market context.
Positioned on the second floor of a 1980 commercial building, these office units offer a varied configuration for professional operations. The layout includes six private offices, eleven cubicles, an open work area, reception space, and a potential conference room. Private ADA-compliant restrooms and a kitchen/break area add practical support space, while elevator access serves the floor.
The property includes a small parking lot for staff and visitors and is situated in downtown Phillipsburg. Shops, restaurants, major roadways, and the surrounding business district are nearby, providing convenient access to daily services and the broader local commercial area.
The property includes a small parking lot for staff and visitors and is situated in downtown Phillipsburg. Shops, restaurants, major roadways, and the surrounding business district are nearby, providing convenient access to daily services and the broader local commercial area.
Key Highlights
- Second‑floor office units in a 1980 commercial building
- Six private offices and eleven cubicles
- Open workspace, reception area, and potential conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,483
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,329,660
$2.3M
Cap Rate 7%
$1,664,043
$1.7M
Cap Rate 9%
$1,294,256
$1.3M
Market Conditions
NOI Build-Up for 7,400 SF
Gross rent
$195.4K $26.40/SF
− Vacancy
−$40.0K −$5.41/SF
EGI
$155.3K $20.99/SF
− OpEx
−$38.8K −$5.25/SF
NOI
$116.5K $15.74/SF
Area
Warren County, NJ
Vacancy
20.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,329,660
Cap Rate 7%
$1,664,043
Cap Rate 9%
$1,294,256
Alternative Uses
Best Use
Healthcare Medical
$1.83M
$1.60M – $2.14M
NOI $128,205 @ 7.0% cap · market cap 2,981.51%
Second Best
Office B
$1.66M
$1.46M – $1.94M
NOI $116,483 @ 7.0% cap · market cap 2,708.91%
Theoretical Best
Warehouse
$2.79M
$2.44M – $3.26M
NOI $195,427 @ 7.0% cap · market cap 4,544.81%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
746
Businesses Nearby
Explore this area
Business Placement
Demographics for 08865, NJ
30,537
Population
14,146
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
93%
High-School Grad
41.5 sq mi
ZIP Area
736
Density / Sq Mi
$78,519
Median Household Income
$49,811
Median Earnings
$1,248
Median Rent
$244,200
Median Home Value
Check the figures for this property
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 units - Flexible professional workspace with elevator access, private rooms, cubicles, reception, restrooms, and a kitchen area.
Where is this office units located?
The property is located at 320 S Main St Phillipsburg, NJ.
What are key features of this property?
This property features: Second‑floor office units in a 1980 commercial building; Six private offices and eleven cubicles; Open workspace, reception area, and potential conference room
