Mixed-Use Property with
For Sale
$1,199,000
56 E Main St #1, Sussex, NJ 07461
The property combines occupied apartments and office suites with warehouse, shop, and storage areas.
Property Size4,000 SF
Price / SF$299.75
Days on Market191
Property Features for 56 E Main St #1
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial
Zoning
OR
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
15 ft
Drive-In Doors
3
Additional Details
Office Units
2
Building Details
Building Size
4,000 SF
Year Built
1988
Stories
2
Units
7
Construction
masonry
Tenancy
Multi
Listing Agency:
Fairclough Realtors
Listed By:
Clayton Pannasch · License #1537153
(973) 726-7800
Source:
Cammarotarealestate
Added: Apr 16
Changed: Oct 22
Last Checked: Oct 22 at 2:15PM
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 Fairclough Realtors
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Investment Insights
Based on property information with market context.
At 4,000 square feet, this masonry mixed-use building contains three occupied apartments and two occupied office suites alongside warehouse and shop space. Three grade-level overhead doors provide access to the work area, which has 13-foot door clearance and an approximately 15-foot ceiling. A dry basement adds storage capacity, and gas and electric service are separately metered for each unit.
The paved rear lot accommodates equipment and trailer staging. Built in 1988, the property is zoned OR and is located at 56 E Main St in Sussex, New Jersey.
The paved rear lot accommodates equipment and trailer staging. Built in 1988, the property is zoned OR and is located at 56 E Main St in Sussex, New Jersey.
Key Highlights
- 4,000‑square‑foot masonry mixed‑use building, built in 1988
- Three occupied residential apartments and two occupied office suites
- Warehouse and shop space with three grade‑level overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,518
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,090,360
$1.1M
Cap Rate 7%
$778,829
$778.8K
Cap Rate 9%
$605,756
$605.8K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$68.2K $17.04/SF
− Vacancy
−$4.0K −$1.01/SF
EGI
$64.1K $16.03/SF
− OpEx
−$9.6K −$2.41/SF
NOI
$54.5K $13.63/SF
Area
Sussex County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,090,360
Cap Rate 7%
$778,829
Cap Rate 9%
$605,756
Alternative Uses
Best Use
Warehouse
$778.8K
$681.5K – $908.6K
NOI $54,518 @ 7.0% cap · market cap 4.55%
Second Best
Mixed Use
$565.7K
$495.0K – $660.0K
NOI $39,600 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$1.04M
$913.9K – $1.22M
NOI $73,114 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
15 ft
Clear height
3
Drive-in doors
2
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
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Business Placement
Demographics for 07461, NJ
18,530
Population
7,972
Households
2.3
Avg Household Size
44
Median Age
28%
College-Educated
93%
High-School Grad
83.0 sq mi
ZIP Area
223
Density / Sq Mi
$104,441
Median Household Income
$46,590
Median Earnings
$1,456
Median Rent
$338,500
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines occupied apartments and office suites with warehouse, shop, and storage areas.
Where is this mixed-use property located?
The property is located at 56 E Main St #1 Sussex, NJ.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 4,000‑square‑foot masonry mixed‑use building, built in 1988; Three occupied residential apartments and two occupied office suites; Warehouse and shop space with three grade‑level overhead doors
