Freestanding Retail Building with
67 ROUTE 46 Unit 0 Budd Lake, NJ 07828
For Sale
$1,400,000
Freestanding retail storefront/warehouse with attached 1-bedroom apartment and on-site parking for at least 15 vehicles.
Property Size5,919 SF
Lot Size0.94 Acres
Price / SF$236.53
Days on Market160
Property Features for 67 ROUTE 46 Unit 0
General Information
- Standard status
- Active
- Size
- 5,919 SF
- Lot size
- 0.94 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1940
Listing Agency:
RE/MAX 1ST ADVANTAGE
(732) 827-5344
Listed By:
ROBERT DEKANSKI · License #271273
Source:
Xome
Added: Feb 13
Changed: Jul 23
Last Checked: Jul 23 at 12:51PM
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 1ST ADVANTAGE
Investment Insights
Based on property information with market context.
This freestanding retail building includes a large storefront/warehouse area measuring 99 by 38 feet, with plenty of storage and on-site parking for at least 15 vehicles. The property also features an attached apartment with a living area, kitchen, one full bathroom, one half bathroom, and one bedroom.
The apartment is supported by two additional versatile bonus rooms that open to the warehouse, creating flexibility for mixed-use operations. The building sits on a spacious 276 by 148 lot and is positioned on a prime corner for visibility to passing traffic.
With a combined retail and residential configuration totaling 5,919 square feet, this is a straightforward setup for an owner-operator or a tenant seeking direct warehouse access from adjacent flexible space.
The apartment is supported by two additional versatile bonus rooms that open to the warehouse, creating flexibility for mixed-use operations. The building sits on a spacious 276 by 148 lot and is positioned on a prime corner for visibility to passing traffic.
With a combined retail and residential configuration totaling 5,919 square feet, this is a straightforward setup for an owner-operator or a tenant seeking direct warehouse access from adjacent flexible space.
Key Highlights
- 5919 SF freestanding retail storefront/warehouse with attached apartment on a 276' x 148' corner lot
- Retail includes large storefront/warehouse space with plenty of storage, plus 2 bonus rooms that open to the warehouse
- Apartment features living area, kitchen, 1/2 bath, 1 full bath, and 1 bedroom
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $177.6k | $30.00 |
| − Vacancy | −$56.8k | −$9.60 |
| EGI | $120.7k | $20.40 |
| − OpEx | −$30.2k | −$5.10 |
| NOI | $90.6k | $15.30 |
5,919 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.51M
NOI $90,561 @ 7.0% cap · market cap 6.47%
Second Best
Retail
$1.21M
$1.06M – $1.41M
NOI $84,484 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$1.55M
$1.35M – $1.80M
NOI $108,190 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
FAQs
What type of property is this?
Live-work space - Freestanding retail storefront/warehouse with attached 1-bedroom apartment and on-site parking for at least 15 vehicles.
Where is this live-work space located?
The property is located at 67 ROUTE 46 Unit 0 Budd Lake, NJ.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 5919 SF freestanding retail storefront/warehouse with attached apartment on a 276' x 148' corner lot; Retail includes large storefront/warehouse space with plenty of storage, plus 2 bonus rooms that open to the warehouse; Apartment features living area, kitchen, 1/2 bath, 1 full bath, and 1 bedroom
