SQUARE FEET4,690
MLS#4021781
STATUS
PROPERTY TYPECommercial - Office
Property Description
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 through July 31, 2026, meticulously maintained, and in turnkey condition. Configured as two units, each with a separate entrance, this property offers both immediate cashflow potential and 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 services (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 a current 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.
Property Features
Property Type: Commercial - Office
Basement: Yes
Basement: Storage, Unfinished
Cooling: 2 Units, Central Air
Fuel Type: Gas-Natural
Heating: 2 Units, Baseboard - Hotwater
Lot Size: 0.37 Acres
Roof Type: Asphalt Shingle
Stories: 3.0
Taxes: $15,651
Year Built: 1880
Feature Descriptions
Days on Site: 2
Equipment Available: Fire Alarm, Kitchen Area, Restrooms - Private, Sign - Building, Smoke Detector, Storage Area(s)
Exterior: Vinyl Siding
Flooring: Carpeting, Laminate
Location: Business District, Freestanding, Residential Area
Lot: Corner
Lot Dimensions: 0.37 acre(s)
Max Door height: 80
Parking: Blacktop, Off-Street Parking, Parking Lot-Exclusive
Parking Spaces: 15
Sewer: Public Sewer
Units: 2
Utilities: Electric, Gas-Natural
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: EXP REALTY, LLC
Agency Contact: 973-906-3329
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
305 W Main St | MLS# 4021781
This commercial property located at 305 W Main St, Boonton, NJ 07005 is currently listed for sale with an asking price of $1,300,000. Search Boonton real estate on www.realtymark.net today.