Mixed-Use Building with Retail and
For Sale
$1,500,000
396 Main Street, Metuchen, NJ 08840
Commercial Sale, Metuchen, NJ
Property Size4,224 SF
Lot Size0.06 Acres
Price / SF$355.11
Days on Market1381
Property Features for 396 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B1
Parking features
Garage, On Street
Lot features
Business District, Corner Lot, Near Public Transit, Near Train
Directions
Main St To Pennsylvania Ave.
Standard status
Active
APN
09001210000000051
Size
4,224 SF
Lot size
0.06 Acres
Additional Details
Tenant in Place
Yes
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Year
2019
Tax Annual Amount
24628
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Floors in Building
2
Flooring type
Laminate, Linoleum, Radiant
Building materials
Brick
Roof type
Flat
Listing Agency:
KELLER WILLIAMS ELITE REALTORS · Keller Williams Realty
(732) 549-1998
Listed By:
Cynthia Kilker · License #1542275
(732) 261-1235
Added: Jan 25, 2023
Changed: Oct 24
Last Checked: Nov 5 at 9:06AM
MLS# 2350725M
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,224-square-foot mixed-use building on a 0.0551-acre lot contains 3 retail stores and 2 residential rentals. The property is fully leased and constructed with brick, with laminate, linoleum, and radiant flooring. A flat roof, public water, and public sewer serve the building, while parking includes a garage and on-street spaces.
Located at 396 Main Street in Metuchen, the property sits beside the train station and near other business establishments. The setting is associated with pedestrian activity and combines retail and residential occupancy within one commercial asset.
Located at 396 Main Street in Metuchen, the property sits beside the train station and near other business establishments. The setting is associated with pedestrian activity and combines retail and residential occupancy within one commercial asset.
Key Highlights
- 4,224‑square‑foot mixed‑use building on a 0.0551‑acre lot
- 3 retail stores and 2 residential rentals
- Fully leased property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,957
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,299,140
$1.3M
Cap Rate 7%
$927,957
$928.0K
Cap Rate 9%
$721,744
$721.7K
Market Conditions
NOI Build-Up for 4,224 SF
Gross rent
$126.7K $30.00/SF
− Vacancy
−$8.6K −$2.04/SF
EGI
$118.1K $27.96/SF
− OpEx
−$53.1K −$12.58/SF
NOI
$65.0K $15.38/SF
Area
Middlesex 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%
$1,299,140
Cap Rate 7%
$927,957
Cap Rate 9%
$721,744
Alternative Uses
Best Use
Apartment 5plus
$928.0K
$812.0K – $1.08M
NOI $64,957 @ 7.0% cap · market cap 4.33%
Second Best
Retail
$861.3K
$753.6K – $1.00M
NOI $60,290 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$1.10M
$965.1K – $1.29M
NOI $77,208 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,725
Businesses Nearby
Explore this area
Business Placement
Demographics for 08840, NJ
17,841
Population
6,552
Households
2.7
Avg Household Size
42
Median Age
62%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
5,575
Density / Sq Mi
$150,938
Median Household Income
$72,765
Median Earnings
$1,994
Median Rent
$517,700
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 Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased brick property combines retail storefronts with residential rentals beside the train station.
Where is this mixed-use property located?
The property is located at 396 Main Street Metuchen, NJ.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 4,224‑square‑foot mixed‑use building on a 0.0551‑acre lot; 3 retail stores and 2 residential rentals; Fully leased property
