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    309 Main St Madison, NJ 07940

    Sponsored
    For Lease
    Contact for pricing

    Prime Madison retail space, 1,000 sq ft available.

    Lot size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 Features for 309 Main St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,000 SF

    Unit(s) available at that property

    Space
    Available space
    Size
    1,000 SF

    HighLights

    • High traffic count: 21,544 vehicles per day on main thoroughfare.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lee Park Cleaners Dry Cleaner

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Morris
    State
    New Jersey
    Longitude
    -74.3996831
    Latitude
    40.7490001

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Madison retail space, 1,000 sq ft available.
    Where is this neighborhood center located?
    The property is located at 309 Main St Madison, NJ.
    What are key features of this property?
    This property features: High traffic count: 21,544 vehicles per day on main thoroughfare.; ;
    Request Owner's contact information
    309 Main St Madison, NJ 07940
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    Madison, NJ 07940
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    309 Main St Madison, NJ 07940
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