520 Myrtle Ave 550 Boonton, NJ 07005-1914
This exceptional retail property, the Boonton ACME Shopping Center, located at 520 Myrtle Ave, Boonton, NJ 07005, presents a prime opportunity for businesses seeking high visibility and convenient access. The center boasts a total of 62,741 square feet of retail space, currently configured as a single, multi-tenant building. A significant advantage is the immediate highway visibility from I-287, Exit 45, ensuring substantial foot and vehicle traffic. The property is situated in Morris County, New Jersey, within a thriving neighborhood center. Currently, there is 1,833 square feet of vacant space available, ideal for a variety of retail uses. This presents a unique chance to establish or expand a business in a high-traffic location with excellent exposure. The property's strategic location and ample space make it an attractive investment for businesses seeking to capitalize on a strong retail market. The address is easily accessible and benefits from the high volume of traffic generated by its proximity to a major highway. This is a rare opportunity to secure a well-positioned retail space in a desirable New Jersey location. The available space is ready for immediate occupancy.
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
C-1 · Boonton, NJBoonton. 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.