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$ 495,000
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Active
1015 Main St Boonton Town, NJ 07005
1,225 SqFt
UPDATED:
02/18/2025 02:36 PM
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,225 sqft
Price per Sqft $404
MLS Listing ID 3944131
Year Built 1950
Annual Tax Amount $7,192
Tax Year 2024
Lot Size 5,227 Sqft
Property Sub-Type Mixed Use
Property Description
Check out this exceptional investment opportunity in Boonton's growing market! 1015 Main St presents a rare opportunity to acquire a well-located commercial property in the heart of downtown Boonton, a rapidly developing market with increasing demand for mixed-use assets. Situated on the town's bustling Main Street, this property benefits from high visibility, strong pedestrian traffic, and close proximity to established businesses, restaurants, and retail destinations. This asset comes with town-approved plans for a strategic mixed-use conversion, allowing for one or two commercial units on the ground floor and four residential apartments on the second and third floors. These approvals provide a significant value-add opportunity for investors seeking to reposition the property for long-term growth and stability. Boonton's continued economic expansion and revitalization efforts make this an ideal time to invest. The property's prime location, coupled with its redevelopment potential, offers both immediate and long-term upside. Whether as a stabilized commercial investment or a repositioned mixed-use asset, 1015 Main St represents a compelling opportunity to capitalize on the strength of a growing market.Highest & Best due Sunday by 8pm.
Location
State NJ
County Morris
Zoning B-1
Rooms
Basement Unfinished
Interior
Heating Gas-Natural
Cooling No Cool
Flooring Stone
Equipment See Remarks
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available Gas-Natural
Roof Type Flat
Building
Story 1
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by KELLER WILLIAMS PROSPERITY REALTY