128 Main St, Chester, NJ 07930-2537
- Commercial real estate
- 6,587 SF
- 0.49 lot acres
Current Use by Public Records
- Prime Insurance New Jersey / Insurance Agency
Property Details for 128 Main St
- Year built
- 1950
- Construction
- FRAME
- Lot size
- 0.49 lot acres
- Zone code
- B-1
- Property type
- Commercial real estate
- APN
- 06 00123-0000-00001
- APU
- 600123000000001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 22, 2024 | — | Manny Main Street LLC | Manjit Bajwa | Deed | $950k · Freedom Bank |
| Oct 6, 2020 | $700,000 | Manjit Bajwa | Catherine C Mclaughlin | Grant Deed | — |
| Mar 15, 2018 | — | Catherine C Mclaughlin | — | Trustees Deed · related | $450k · Allstate Lndg |
| Mar 2, 2016 | — | Catherine C Mclaughlin | — | Trustees Deed · related | $450k · Allstate Lndg |
| — | — | Catherine C Mclaughlin | — | Deed Of Trust · related | $200k · Pnc Bank |
Description
This exceptional retail property at 128 Main Street in Chester offers a fantastic opportunity for a discerning business owner. The building boasts a total of 6,000 square feet, with 3,650 square feet currently available for lease. This sizable space is located on the first floor and is divisible to accommodate various business needs. The property is a well-known, free-standing building, enjoying a highly visible location in the heart of Chester's business district. Its historic character has been beautifully preserved through a complete renovation, ensuring a unique and attractive space for any tenant. The building is zoned B-1, allowing for a wide range of commercial uses. The lease rate is $5,500 per month, plus common area maintenance (CAM) and utilities. This is a rare chance to secure a prominent retail space in a thriving business area, within a completely renovated, historically significant building. The high visibility and established location make this an ideal opportunity for businesses seeking maximum exposure and foot traffic. The flexible layout and ample square footage provide significant potential for customization and growth. Don't miss this chance to establish your business in a prime Chester location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $810,000
- ML approach
- $800,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $805,000
- 6.5%
- $745,000
- 7%
- $690,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $972,000
- AI Estimate
- $502,000
Market price range: $959k - $2.39MMarket price range: $434k - $1.19M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chester
- County
- Morris
- State
- New Jersey
- Longitude
- -74.6943
- Latitude
- 40.7859
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
