31 Main St Chester, NJ 07930-2530
This exceptional retail property at 31 W Main St, Chester, NJ 07930, presents a compelling investment opportunity. The 3,080 square foot building sits on a 0.31-acre lot and boasts 14 parking spaces, ensuring ample customer convenience. The property is offered fee simple, providing complete ownership. A modern fit-out was completed in 2006, offering a well-maintained space ready for immediate occupancy. The building is currently leased under a triple net (NNN) lease, with the owner responsible for roof and structural maintenance. The lease term is 10 years, providing long-term stability, and includes two five-year renewal options at fair market value, offering future growth potential. The asking price is $852,923, translating to a price per square foot of $276.92. Located in Morris County, this property benefits from a desirable location in the thriving Chester market. This is an ideal investment for those seeking a stable, income-generating asset with significant upside potential. The property's strong lease terms, modern amenities, and convenient location make it a highly attractive investment opportunity. Don't miss this chance to acquire a prime retail property in a sought-after New Jersey location.
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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
R-HD · Chester, NJChester. 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.