GT Luxury Group

305 W Main St, Boonton Town, NJ, 07005

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$1,300,000
3 Days On Site

305 W Main St
Boonton Town, NJ 07005

For Sale|Office|Active
0
Beds
0
Total Baths
4,690
SqFt
$277
/SqFt
1880
Built
County:
Morris
Call Now: 973) 791-4092
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973) 791-4092
305 W Main St305 W Main St305 W Main St305 W Main St
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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.

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Listing Snapshot
Price 
$1,300,000
Days On Site 
3 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,690 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.37 Acres
Year Built 
1880
MLS® Number 
4021781
Status 
Active
Property Tax 
$15,651
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS®
3 days agoListing first seen on site
General Features
Acres 
0.37
Garage 
Yes
Garage Spaces 
15
Number Of Stories 
3
Parking 
Off Street
Parking Spaces 
15
Property Sub Type 
Office
Security 
Smoke Detector(s)
Sewer 
Public Sewer
SqFt Total 
4690
Utilities 
Natural Gas Available
Water Source 
Public
Zoning 
Commercial
Interior Features
Basement 
Unfinished
Cooling 
Central Air
Flooring 
CarpetLaminate
Heating 
BaseboardNatural Gas
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Exterior Features
Construction Details 
Vinyl SidingWood Siding
Lot Features 
Corner Lot
Roof 
Asphalt
Listing courtesy of EXP REALTY, LLC

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Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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