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Property profile & analytics
OFF-MARKET Estimated value $770,000
Commercial real estate

31 Main St Chester, NJ 07930-2530

3,030 SF 0.31 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US59-0057032
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Total area 3,030 SF
Lot 0.31 ac (13,504 SF)
Zoning code R-HD
APN 06 00103-0000-00032
UPID US59-0057032
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
  • Center For Dental Facial Aesthetics: Laoutaris Nikolaos DDS & Magliano Donna DDS Dental Office
  • Chester Dental Arts Dental Office
  • Dr. Nick Laoutaris, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$870k
CAP Approach CAP
by Request
Comparable Approach Comparable
$645k
Blend (final) Blend
$770k
Owner & transaction history
Hudson Dental Partners Real Estate · 3 yrs held
Hudson Dental Partners Real Estate
since 2022
Last sale
$750,000
2 recorded transactions
2022
$750,000
2006
$740,000
Zoning & alternative use
R-HD · Chester, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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