Mixed-Use Flex and Warehouse
For Sale
$1,199,000
56 E Main St, Sussex, NJ 07461
Masonry mixed-use building with warehouse shop space, multiple roll-up doors, dry basement storage, and separately metered units.
Property Size10,500 SF
Price / SF$114.19
Days on Market142
Property Features for 56 E Main St
General Information
Standard status
Active
Size
10,500 SF
Warehouse & Industrial
Clear Height
15 ft
Drive-In Doors
3
Units
Multifamily Units
3
Office Units
2
Building Details
Year Built
1988
Tenancy
Multi
Listing Agency:
FAIRCLOUGH REALTORS
Listed By:
CLAYTON PANNASCH · License #1537153
(973) 726-7800
Source:
Luminancerealty
Added: Jun 16
Changed: Oct 26
Last Checked: Oct 5 at 11:17PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This masonry-built mixed-use property combines tenanted residential apartments, two tenanted office suites, and warehouse/shop space in one functional footprint. The warehouse area features three grade-level overhead doors with approximately 13-foot clearances and about a 15-foot interior ceiling height, supported by a large, dry basement that can be used for additional storage. A large paved rear lot is included for equipment and trailer staging. All residential and office units are separately metered for gas and electric, helping simplify utility responsibility across the building.
The property is located at 56 E Main Street in Sussex, New Jersey, positioned on a main thoroughfare at the New York-New Jersey border, which supports straightforward regional access. A prominent street presence can be useful for businesses that benefit from visibility and convenient transportation access.
The layout is well-suited for an owner-user headquarters for trade-based, contractor, or specialty trade operations needing practical warehouse/shop space alongside office areas. The presence of on-site leased apartments and office suites may also support ancillary rental income to help offset carrying costs. Seller financing is available for qualified buyers, offering an additional financing pathway for eligible parties.
The property is located at 56 E Main Street in Sussex, New Jersey, positioned on a main thoroughfare at the New York-New Jersey border, which supports straightforward regional access. A prominent street presence can be useful for businesses that benefit from visibility and convenient transportation access.
The layout is well-suited for an owner-user headquarters for trade-based, contractor, or specialty trade operations needing practical warehouse/shop space alongside office areas. The presence of on-site leased apartments and office suites may also support ancillary rental income to help offset carrying costs. Seller financing is available for qualified buyers, offering an additional financing pathway for eligible parties.
Key Highlights
- 1988 masonry mixed‑use building with three tenanted residential apartments and two tenanted office suites
- Warehouse/shop space includes three grade‑level overhead doors with 13‑ft clearance and ~15‑ft interior ceiling height
- Large dry basement provides storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,279
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,145,580
$2.1M
Cap Rate 7%
$1,532,557
$1.5M
Cap Rate 9%
$1,191,989
$1.2M
Market Conditions
NOI Build-Up for 10,500 SF
Gross rent
$180.2K $17.16/SF
− Vacancy
−$15.1K −$1.44/SF
EGI
$165.0K $15.72/SF
− OpEx
−$57.8K −$5.50/SF
NOI
$107.3K $10.22/SF
Area
Sussex County, NJ
Vacancy
8.40%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,145,580
Cap Rate 7%
$1,532,557
Cap Rate 9%
$1,191,989
Alternative Uses
Best Use
Warehouse
$2.04M
$1.79M – $2.39M
NOI $143,109 @ 7.0% cap · market cap 11.94%
Second Best
Industrial
$1.68M
$1.47M – $1.96M
NOI $117,855 @ 7.0% cap · market cap 9.83%
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $191,923 @ 7.0% cap · market cap 16.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
15 ft
Clear height
3
Drive-in doors
2
Office units
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Masonry mixed-use building with warehouse shop space, multiple roll-up doors, dry basement storage, and separately metered units.
Where is this flex space located?
The property is located at 56 E Main St 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: 1988 masonry mixed‑use building with three tenanted residential apartments and two tenanted office suites; Warehouse/shop space includes three grade‑level overhead doors with 13‑ft clearance and ~15‑ft interior ceiling height; Large dry basement provides storage space
