Retail/Office Building on Route
387 Main Street Eagleswood Township, NJ 08092
For Sale
$450,000
Pending
Retail or office building on 0.66 acres, Route 9.
Property Size2,605 SF
Lot Size0.66 Acres
Days on Market328
Property Features for 387 Main Street
General Information
Standard status
Pending
Size
2,605 SF
Lot size
0.66 Acres
Property subtype
Commercial
Building Details
Year Built
1920
Listing Agency:
C21/ ACTION PLUS REALTY
(800) 299-2129
Listed By:
JOAN L VELARDI · License #0337813
Source:
Corcoran
Added: Sep 6, 2025
Changed: Jul 6
Last Checked: Jul 24 at 7:50AM
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 C21/ ACTION PLUS REALTY
Investment Insights
Based on property information with market context.
This property, situated on 0.66 acres along Route 9, is suitable for a professional office or retail business. The existing 850-square-foot building, along with a shed equipped with electricity, is currently occupied by a bait and tackle shop, and the tenant may be interested in selling the business. The location presents possibilities for various retail or restaurant ventures. Potential uses include a salon, office, florist, gift shop, bait and tackle shop, bakery, or takeout food establishment. It could also accommodate construction, insurance, or accounting services, or serve as a therapist's office or other small office space. The property has a size of 2605 square feet.
Key Highlights
- High‑visibility location directly on Route 9.
- Versatile property suitable for office, retail, or restaurant use.
- Includes an 850 sq. ft. building plus a shed with electric.
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 | $78.2k | $30.00 |
| − Vacancy | −$25.0k | −$9.60 |
| EGI | $53.1k | $20.40 |
| − OpEx | −$13.3k | −$5.10 |
| NOI | $39.9k | $15.30 |
2,605 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$569.4K
$498.2K – $664.3K
NOI $39,857 @ 7.0% cap · market cap 8.86%
Second Best
Specialty Retail
$569.1K
$498.0K – $664.0K
NOI $39,838 @ 7.0% cap · market cap 8.85%
Theoretical Best
Office A
$680.2K
$595.2K – $793.6K
NOI $47,615 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail or office building on 0.66 acres, Route 9.
Where is this retail space located?
The property is located at 387 Main Street Eagleswood Township, NJ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: High‑visibility location directly on Route 9.; Versatile property suitable for office, retail, or restaurant use.; Includes an 850 sq. ft. building plus a shed with electric.
