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Property profile & analytics
OFF-MARKET
Office Spaces

124 Main St Denville, NJ 07834

Built 1940
Property ID
Property summary
AI-generated overview

This exceptional 1,579 square foot executive office condo is ideally situated at 124 E Main St, Denville, NJ 07834, within the Schoolhouse Plaza. Offered at $237,000, this owner-user investment opportunity boasts a prime location with excellent traffic counts, close proximity to Routes 46 and 80, and ample parking. The condo, part of a four-story building, is zoned for office use and sits on a substantial 13,813 square foot lot. Originally constructed in 1940, the building underwent renovations in 1990, ensuring a blend of character and modern functionality. This first-floor unit, previously used as a cardiologist's office, presents a versatile space ready for immediate occupancy on August 1st, 2024. The property's history as a medical office suggests potential for similar uses, though it is adaptable to a variety of professional settings. The building's solid construction and desirable location make this an attractive investment for both established businesses and entrepreneurs seeking a well-maintained and conveniently located office space. The opportunity to own this established office condo in a thriving area of Morris County presents a compelling investment opportunity.

Property profile
Verified
Property type Office Spaces
Year built 1940
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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