NJ
Morris
Boonton Town
07005
305 W Main St
305 W Main St, Boonton Town, NJ 07005
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Listing Type
Commercial/Industrial
Listing Status
Active
29
$1,300,000

Home Details for 305 W Main St

Price
$1,300,000
Type
Commercial Sale
Year built
1880
Lot size acres
0.37
County
Morris
Basement
Unfinished
Days on site
42
MLS Listing#
4021781
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
  • Heating Information
    • Baseboard
    • Natural Gas
  • Cooling Information
    • Central Air
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
  • Parking
    • Off Street
  • Basement
    • Unfinished
Listing Courtesy: EXP REALTY, LLC - 866-201-6210
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Garden State MLS.
EXIT CORNERSTONE REALTY
438 US Route 46, Kenvil, NJ 07847
Office
973 927 0250
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