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305 W Main St

boonton, NJ 07005-1151

$1,300,000

    Interested? Let's Connect

    Highly visible commercial property with strong frontage in the heart of Boonton's business district, located within the supply-constrained Morris County submarket. This 4,690 SF multi-level asset is 100% occupied and configured as two units, each with a separate entrance, offering flexibility for investors or future owner-users. The layout includes private offices, conference rooms, dedicated workspaces, and a kitchenette well suited for a variety of professional uses. A rare and valuable feature, the property includes 15 private on-site parking spaces, a significant advantage for this asset type. Zoning allows for medical, professional, retail, vocational, dog grooming and service uses (e.g., salon, spa), with potential for mixed-use conversion subject to town approvals, creating additional upside. The property presents a compelling investment opportunity with in-place income at a 6.7% cap rate, low operating expenses supported by tenant reimbursements, and clear rent growth potential, as rents have not increased in over three years. Recent capital improvements include a new fire suppression system (2025), along with updated driveway and windows, minimizing near-term capital expenditures. Ideally located within walking distance to downtown Boonton, with access to shopping, restaurants, NYC transit, nearby medical offices, and a strong surrounding residential base.

    Details

    4,690 Sq Ft

    0.37 Private Acres Lot Size

    commercial

    $1,304 Monthly Tax

    Built in 1880

    MLS/Listing ID 4021781

    3 Stories

    2 Units

    Amenities & Features

    Cooling - Central Air

    Construction - Wood

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