Ground-Floor Retail
For Sale
Contact for pricing
46 N Main St N Unit 1, Milltown, NJ 08850
Ground-floor storefront with newer laminate flooring and a brand-new mini-split heat and air system.
Property Size2,250 SF
Price / SF$1.67
Days on Market98
Property Features for 46 N Main St N Unit 1
General Information
Standard status
Active
Size
2,250 SF
Additional Details
Highway Access
Yes
Listing Agency:
RE/MAX COUNTRY
Listed By:
FRANK CALANDRUCCIO · License #NJ0998052276
(732) 762-1710
Source:
Thebansalteam
Added: Jul 10
Changed: Oct 1
Last Checked: Oct 7 at 2:46PM
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 RE/MAX COUNTRY
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Investment Insights
Based on property information with market context.
This ground-floor retail storefront offers 2,200+ square feet of front-facing space. The unit features newer laminate flooring throughout and includes a brand-new mini-split system for heat and air. Window displays are in place, supporting strong retail presentation.
The property is located in the heart of Milltown, with convenient access to major highways and transportation to NYC. The space is available August 1.
Formerly operated as Hanna’s Florist, the unit is well suited for retail users seeking a dedicated storefront with ready-to-occupy interior updates.
The property is located in the heart of Milltown, with convenient access to major highways and transportation to NYC. The space is available August 1.
Formerly operated as Hanna’s Florist, the unit is well suited for retail users seeking a dedicated storefront with ready-to-occupy interior updates.
Key Highlights
- Ground‑floor storefront with 2,200+ SF front store area in the heart of Milltown
- Newer laminate flooring throughout
- Brand‑new mini‑split system for heat and air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,115
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,300
$642.3K
Cap Rate 7%
$458,786
$458.8K
Cap Rate 9%
$356,833
$356.8K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$48.6K $21.60/SF
− Vacancy
−$2.7K −$1.21/SF
EGI
$45.9K $20.39/SF
− OpEx
−$13.8K −$6.12/SF
NOI
$32.1K $14.27/SF
Area
Middlesex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,300
Cap Rate 7%
$458,786
Cap Rate 9%
$356,833
Alternative Uses
Best Use
Retail
$458.8K
$401.4K – $535.3K
NOI $32,115 @ 7.0% cap · market cap 856.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$587.5K
$514.1K – $685.4K
NOI $41,126 @ 7.0% cap · market cap 1,096.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Dining 34%
Speedway
Shops & Services
7,200 visits/mo
0.1 miles
Dunkin' Donuts
Dining
5,069 visits/mo
0.0 miles
BP
Shops & Services
2,794 visits/mo
0.4 miles
Demographics for 08850, NJ
8,325
Population
3,165
Households
2.6
Avg Household Size
42
Median Age
46%
College-Educated
96%
High-School Grad
2.3 sq mi
ZIP Area
3,620
Density / Sq Mi
$127,331
Median Household Income
$60,938
Median Earnings
$1,520
Median Rent
$436,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Dee's Flowers & Gifts — 84 N Main St, Milltown, NJ 08850
Frequently Asked Questions
What type of property is this?
Storefront property - Ground-floor storefront with newer laminate flooring and a brand-new mini-split heat and air system.
Where is this storefront property located?
The property is located at 46 N Main St N Unit 1 Milltown, NJ.
What are key features of this property?
This property features: Ground‑floor storefront with 2,200+ SF front store area in the heart of Milltown; Newer laminate flooring throughout; Brand‑new mini‑split system for heat and air
