Property profile

309 Main St Madison, NJ 07940

OFF-MARKET
Neighborhood centers
10,000 SF
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Property summary

AI-generated overview

This exceptional retail opportunity is located at 309 Main Street in Madison, New Jersey, within Morris County (zip code 07940). The property is a single-suite strip center totaling 10,000 square feet, with 1,000 square feet currently available for lease. The building offers ample parking with 47 spaces for customers and employees. This location benefits from its proximity to several major educational institutions, including Drew University, Fairleigh Dickinson University, and the College of Saint Elizabeth. The combined student and faculty population of these universities exceeds 16,267, providing a significant potential customer base for retail businesses. The property's Main Street address ensures high visibility and accessibility for potential customers. The available 1,000 square foot space presents a versatile opportunity for a variety of retail uses. This is an excellent chance to establish a business in a thriving community with a strong demographic profile. The property's location and ample parking make it an attractive option for both businesses and their customers. Serious inquiries are encouraged to explore this promising retail investment.

Property profile

Verified
Property type Neighborhood centers
Total area 10,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

309 Main St Madison, NJ 07940
Madison metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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