204 Main St Newton, NJ 07860-1936
This exceptional 3,843 square foot mixed-use commercial building is situated at 204 Main Street, Newton, NJ, on a 0.77-acre lot. Its high-visibility location offers excellent exposure for any business. The property boasts ample off-street parking, including a two-car garage and additional space for twelve or more vehicles. Currently configured as a showroom and office space for a home improvement contractor, the building also includes a separate one-bedroom, one-bathroom apartment with its own entrance and utilities. A finished basement, previously used as office space, offers additional potential. The first floor features five generously sized rooms, including a large, equipped kitchen, office space, and showrooms. The second floor comprises five offices, a conference room, and a full bathroom. The building is equipped with natural gas, forced-air heating, central air conditioning, and connects to public water and sewer systems. The property's zoning allows for a variety of uses, including mixed-use, office space, and residential configurations such as single-family, duplex, or triplex dwellings. This versatile property presents a unique opportunity for a wide range of commercial and residential ventures. The asking price is $500,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
T-4 · Newton, NJNewton. Always verify with local authorities before improvements.
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.