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    405 S Main St Phillipsburg, NJ 08865

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    For Sale
    $350,000

    Fully rented, renovated mixed-use property in downtown Phillipsburg.

    Property size:
    3,000 SF
    Lot size:
    0.06 Acres

    Property Features for 405 S Main St

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Lot size
    0.06 Acres

    Building Details

    Year built
    1900

    Source: BETTER HOMES & GARDENS PORCHLIGHT Agent TIFFANY B. KJELLANDER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Mixed-Use Property in Phillipsburg

    Located at 405-407 South Main Street in Downtown Phillipsburg, this renovated property is fully rented. The property features separated utilities, with the exception of water and sewer, and includes separate electric and gas. The retail unit at street level offers approximately 2000 square feet of space. It features new steel framing, sheet rock, an ADA-compliant bathroom, flooring, electrical, lighting, a fire monitoring system, and a drop ceiling. Attached to the retail space is a storage area, currently rented by the retail tenant. The upstairs unit has been fully painted, with appliances replaced. The living area and bedrooms feature sanded and stained hardwood floors, while LVP flooring has been installed in the hallway and kitchen. The bottom kitchen cabinets have been replaced, and the bathroom plumbing has been redone. The retail unit has a new AC unit, a new gas furnace, and an instant hot water heater. The retail tenant has a 3-year lease with extensions from July 2024, and the residential tenant has a 2-year lease from October 2024. The downstairs has forced hot air, and the upstairs has baseboard hot water. Garbage removal is included in the taxes, and parking permits are available through the town. The property size is 3000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phillipsburg
    County
    Warren
    State
    New Jersey
    Longitude
    -75.1917337
    Latitude
    40.6860795

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    FAQs

    What type of property is this?
    Retail space - Fully rented, renovated mixed-use property in downtown Phillipsburg.
    Where is this retail space located?
    The property is located at 405 S Main St Phillipsburg, NJ.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Fully rented property in Downtown Phillipsburg offering immediate rental income.; - **Retail unit is newly renovated** with new steel framing, sheet rock, ADA compliant bathroom, flooring, electrical, lighting, fire monitoring system, and drop ceiling.; - Separate electric and gas utilities for each unit (except water/sewer).
    (973) 383-8989
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    405 S Main St Phillipsburg, NJ 08865
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    Phillipsburg, NJ 08865
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    405 S Main St Phillipsburg, NJ 08865
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