221 Main StChatham Township, NJ 07928

Property Details for 221 Main St

Year built

1970

Construction

STONE

Lot size

0.07 AC

Property size (Sq ft)

1,260 SF

Zone code

B-4

Property type

Other commercial real estate

APN

04 00121-0000-00006

APU

400121000000006

Description

This exceptional 1,260-square-foot commercial property at 221 Main Street in Chatham Township, New Jersey, presents a unique investment opportunity. Located in the heart of downtown Chatham, this single-story building benefits from its prime location within a bustling commercial district poised for further redevelopment. The property is currently occupied by a long-term tenant who is amenable to continuing their lease under new ownership, providing immediate income potential. The building is zoned B-4, permitting retail or restaurant use, offering flexibility for a variety of businesses. The 0.07-acre lot includes convenient on-street parking and a double driveway in the rear, allowing for off-street parking of two to four vehicles. This is an ideal investment for those seeking a stable, income-producing property in a thriving New Jersey town. The property's single-tenancy status simplifies management, while its location in the revitalizing Main Street area promises strong future growth. The address is 221 Main Street, Chatham, NJ 07928, within Morris County. This is a rare opportunity to acquire a well-situated commercial property with a proven track record and significant upside potential. The property's convenient parking options and flexible zoning make it an attractive proposition for a wide range of potential uses.

• Alternative Use

  Use

  Valuation

  Residential

  $238,441

  Hospitality

  $218,411

  Educational

  $181,715

  Medical

  $187,965

  Retail

  $282,668

Location Insight

City

Chatham

County

Morris

State

New Jersey

Latitude

40.7401

Longitude

-74.3814

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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