Storefront Space with Additional
For Sale
Contact for pricing
499 S Main St, Phillipsburg, NJ 08865
Compact commercial space with flexible room configuration, a half bath, and dedicated storage.
Property Size522 SF
Price / SF$2.30
Days on Market54
Property Features for 499 S Main St
General Information
Standard status
Active
Size
522 SF
Listing Agency:
WEICHERT REALTORS
Listed By:
CATHY A. MCINTYRE · License #232449
(908) 213-2828
Source:
Luminancerealty
Added: Aug 23
Changed: Oct 2
Last Checked: Oct 5 at 9:57PM
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 WEICHERT REALTORS
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Investment Insights
Based on property information with market context.
This 522-square-foot storefront space includes two additional rooms, a half bath, and a separate storage room. The existing layout supports a range of commercial configurations within a compact footprint.
The space has previously served as a salon and has also been used for retail and office purposes. Its storefront format and multiple enclosed rooms provide a practical setup for a small commercial operation.
The space has previously served as a salon and has also been used for retail and office purposes. Its storefront format and multiple enclosed rooms provide a practical setup for a small commercial operation.
Key Highlights
- Approximately 522 square feet of commercial space
- Two additional rooms beyond the main storefront area
- Includes a 1/2 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,998
Suggested Prices Based on Cap Rates
Cap Rate 5%
$119,960
$120.0K
Cap Rate 7%
$85,686
$85.7K
Cap Rate 9%
$66,644
$66.6K
Market Conditions
NOI Build-Up for 522 SF
Gross rent
$9.4K $18.00/SF
− Vacancy
−$827 −$1.58/SF
EGI
$8.6K $16.42/SF
− OpEx
−$2.6K −$4.92/SF
NOI
$6.0K $11.49/SF
Area
Warren County, NJ
Vacancy
8.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$119,960
Cap Rate 7%
$85,686
Cap Rate 9%
$66,644
Alternative Uses
Best Use
Office B
$117.4K
$102.7K – $137.0K
NOI $8,217 @ 7.0% cap · market cap 684.75%
Second Best
Retail
$85.7K
$75.0K – $100.0K
NOI $5,998 @ 7.0% cap · market cap 499.83%
Theoretical Best
Warehouse
$196.9K
$172.3K – $229.8K
NOI $13,786 @ 7.0% cap · market cap 1,148.83%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Helen's Floral Shoppe — 146 S Main St, Phillipsburg, NJ 08865
Frequently Asked Questions
What type of property is this?
Storefront property - Compact commercial space with flexible room configuration, a half bath, and dedicated storage.
Where is this storefront property located?
The property is located at 499 S Main St Phillipsburg, NJ.
What are key features of this property?
This property features: Approximately 522 square feet of commercial space; Two additional rooms beyond the main storefront area; Includes a 1/2 bath
