112 Main Rd
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112 Main Rd
14,700 SF 100% Leased Office Building Montville, NJ 07045 $1,950,000 ($133/SF)
Investment Highlights
- Repurposed School Building
- New Parking Lot
- Flexible Units
Executive Summary
Unique flex/office opportunity - 10-14 units depending on division. Owner/use can occupy 2,000 - 5,650 and lease out the rest of the units OR treat the entire building as an investment and rent all the units. Property is also suitable for redevelopment.
Existing owner upgraded and expanded the entire parking lot, separated utilities, and improved several office interiors.
Existing owner upgraded and expanded the entire parking lot, separated utilities, and improved several office interiors.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
14,700 SF
Building Class
B
Year Built
1920
Price
$1,950,000
Price Per SF
$133
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,350 SF
Building FAR
0.20
Land Acres
1.73 AC
Zoning
I-1 - Flex Office
Parking
50 Spaces (3.4 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 21-00056-0000-00010 | Improvements Assessment | $850,000 |
| Land Assessment | $346,000 | Total Assessment | $1,196,000 |
PROPERTY TAXES
Parcel Number
21-00056-0000-00010
Land Assessment
$346,000
Improvements Assessment
$850,000
Total Assessment
$1,196,000
-
Kenneth Abdy -
Emily Abdy Realty Group
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112 Main Rd
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