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Property profile & analytics
OFF-MARKET
Neighborhood centers

309 Main St Madison, NJ 07940

10,000 SF
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lee Park Cleaners (Bike/Boat/Book/etc) Store
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
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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