354 S Main St Wharton, NJ 07885
Property profile & analytics
354 S Main St Wharton, NJ 07885
- Commercial real estate
- 2,932 SF
- 0.58 lot acres
Property ID
US59-3167596
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Ener G Electric Inc / Electrical Service / General Contractor
- Command Realty / Real Estate Agency
Property Details for 354 S Main St
- Year built
- 1900
- Lot size
- 0.58 lot acres
- Property size
- 2,932 SF
- Zone code
- R-65
- Property type
- Commercial real estate
- APN
- 39 02011-0000-00014
- APU
- 3902011000000014
Description
This exceptional investment opportunity in Wharton, NJ, presents a substantial 3,301 square foot commercial property situated on a 0.57-acre lot. The property consists of two fully renovated buildings, representing one of the largest lots in town. Both buildings have undergone complete renovations, including new roofs, kitchens, bathrooms, and updated utilities, minimizing future maintenance costs. Currently, the property generates significant income with four renovated apartments and an office space, each featuring full kitchens and bathrooms. The current annual income exceeds $138,000. Detailed floor plans are available, showcasing the existing configuration and outlining plans for expansion. Partial approvals are in place for adding three additional units to the front building, potentially increasing the unit count to eight and boosting the gross annual income to an estimated $220,000. The property is zoned B-1 (Neighborhood Business District), offering considerable flexibility for future development and use. This prime location and the extensive renovations make this a highly attractive investment with strong potential for long-term growth and substantial returns. The property is priced at $1,650,000.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Wharton
- County
- Morris
- State
- New Jersey
- Longitude
- -74.5787
- Latitude
- 40.8874
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$20,190
$182,200
$493,500
$675,700
-
$182,200
$493,500
$675,700
