Downtown Retail Storefront on Major
36 Old Highway 22 Clinton, NJ 08809
For Sale
$950,000
Storefront retail building on a 0.40-acre parcel with ample on-site parking and prominent visibility along Old Highway 22.
Property Size3,500 SF
Lot Size0.40 Acres
Price / SF$271.43
Days on Market96
Property Features for 36 Old Highway 22
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Lot size
- 0.40 Acres
- Property subtype
- retail
Listing Agency:
Parsippany
(917) 993-5515
Listed By:
David Townes · License #1644390
(917) 993-5515
Source:
Property.jll
Added: Apr 20
Changed: Jul 23
Last Checked: Jul 24 at 4:41AM
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 Parsippany
Investment Insights
Based on property information with market context.
Located at 36 Old Highway 22 in Clinton, NJ, this retail storefront property sits on a 0.40-acre parcel and features a 3,500 SF building designed to provide flexibility for a variety of retail uses. The site is positioned to support customer access, with ample on-site parking for visitors and staff.
The property’s visibility and convenience along Old Highway 22 help connect it to the area’s main thoroughfare, with proximity to Interstate 78 further enhancing accessibility. It also benefits from a downtown setting surrounded by established national and regional retailers, including Walgreens, Subway, and NAPA Auto Parts, supporting ongoing co-tenancy.
Block lot information is listed as 22/15.01.
The property’s visibility and convenience along Old Highway 22 help connect it to the area’s main thoroughfare, with proximity to Interstate 78 further enhancing accessibility. It also benefits from a downtown setting surrounded by established national and regional retailers, including Walgreens, Subway, and NAPA Auto Parts, supporting ongoing co-tenancy.
Block lot information is listed as 22/15.01.
Key Highlights
- Storefront retail building on a 0.40‑acre parcel with a 3,500 SF building
- Prominent visibility and convenient access along Old Highway 22
- Ample on‑site parking for customers and employees
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 | $75.6k | $21.60 |
| − Vacancy | −$4.2k | −$1.21 |
| EGI | $71.4k | $20.39 |
| − OpEx | −$21.4k | −$6.12 |
| NOI | $50.0k | $14.27 |
3,500 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$713.7K
$624.5K – $832.6K
NOI $49,956 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$913.9K
$799.7K – $1.07M
NOI $63,974 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tirpok Cleaners
(Bike/Boat/Book/etc) Store
Similar Off Market Nearby
- Greens & Beans — 19 1/2 Old Hwy 22, Clinton, NJ 08809
FAQs
What type of property is this?
Storefront property - Storefront retail building on a 0.40-acre parcel with ample on-site parking and prominent visibility along Old Highway 22.
Where is this storefront property located?
The property is located at 36 Old Highway 22 Clinton, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Storefront retail building on a 0.40‑acre parcel with a 3,500 SF building; Prominent visibility and convenient access along Old Highway 22; Ample on‑site parking for customers and employees
