112 Main Rd 14,700 SF 100% Leased Office Building Montville, NJ 07045 $1,800,000 ($122.45/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 100% of the building or rent units as desired. Property is also suitable for redevelopment. 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
$1,800,000
Price Per SF
$122.45
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,350 SF
Building FAR
0.20
Lot Size
1.73 AC
Zoning
I-1 - Flex Office
Parking
50 Spaces (3.4 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
1 of 1
PROPERTY TAXES
| Parcel Number | 21-00056-0000-00010 | Improvements Assessment | $850,000 |
| Land Assessment | $346,000 | Total Assessment | $1,196,000 |
