Mixed-Use Building with Retail
For Sale
$450,000
405 S Main St #405, Phillipsburg, NJ 08865
A two-unit configuration pairs ground-floor commercial space with a two-level residence above.
Property Size2,900 SF
Price / SF$155.17
Days on Market46
Property Features for 405 S Main St #405
General Information
Standard status
Active
Size
2,900 SF
Property subtype
Commercial
Zoning
Commercial
Units
Unit Mix
1 x 2BR/Den
Multifamily Units
1
Additional Details
Floor
Ground
Gross Income
$26,400
Amenities
private bathroom
basement storage
Building Details
Building Size
2,900 SF
Year Built
1929
Buildings
1
Stories
2
Units
2
Listing Agency:
Real
(855) 450-0442
Listed By:
Steven Betancurth · License #1539846
Source:
Cammarotarealestate
Added: Sep 8
Changed: Oct 22
Last Checked: Oct 22 at 2:24PM
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 Real
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Investment Insights
Based on property information with market context.
Built in 1929, this 2,900-square-foot mixed-use property combines a finished commercial unit with a residence arranged across two floors. The commercial space includes a private bathroom and basement storage and is occupied by a Caribbean grocery tenant. The upper residence has two bedrooms, a den, a living room, and a separate dining room, with updated interiors.
The property is near downtown Phillipsburg shops and restaurants, major roadways, and the Pennsylvania border. It is zoned Commercial.
The property is near downtown Phillipsburg shops and restaurants, major roadways, and the Pennsylvania border. It is zoned Commercial.
Key Highlights
- 2,900‑square‑foot mixed‑use property built in 1929
- Approximately 2,000 square feet of finished ground‑floor commercial space
- Commercial unit includes a private bathroom and basement storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,506
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,120
$750.1K
Cap Rate 7%
$535,800
$535.8K
Cap Rate 9%
$416,733
$416.7K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$52.2K $18.00/SF
− Vacancy
−$2.2K −$0.76/SF
EGI
$50.0K $17.24/SF
− OpEx
−$12.5K −$4.31/SF
NOI
$37.5K $12.93/SF
Area
Warren County, NJ
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,120
Cap Rate 7%
$535,800
Cap Rate 9%
$416,733
Alternative Uses
Best Use
Mixed Use
$599.3K
$524.4K – $699.1K
NOI $41,948 @ 7.0% cap · market cap 9.32%
Second Best
Specialty Retail
$535.8K
$468.8K – $625.1K
NOI $37,506 @ 7.0% cap · market cap 8.33%
Theoretical Best
Warehouse
$1.09M
$957.3K – $1.28M
NOI $76,586 @ 7.0% cap · market cap 17.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
638
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
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-unit configuration pairs ground-floor commercial space with a two-level residence above.
Where is this mixed-use property located?
The property is located at 405 S Main St #405 Phillipsburg, 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: 2,900‑square‑foot mixed‑use property built in 1929; Approximately 2,000 square feet of finished ground‑floor commercial space; Commercial unit includes a private bathroom and basement storage
