124 Main St Denville, NJ 07834
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.