175 N Main St
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175 N Main St
20,000 SF Office Building Wharton, NJ 07885 $4,000,000 ($200/SF)
Investment Highlights
- over 19,000 cars go by property daily
- Open Floor plan with many windows .on the water
- Lots of natural light over 150 windows
Executive Summary
Sales does not include CJ Steak House with 110 seats indoors and 113 seats outdoors on the water. Property has 47 parking spots with 60 valet parking spots in close proximity. Sale with Restaurant includes liquor License. CJ's has been open for just over a year and growing nicely... trending at !.2 million presently with 1.5 million trend by June of 2023. In addition there is 130 foot water tower with two cell carriers as tenants. There is room for many more carriers as they expand.
Taxes & Operating Expenses (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$40,000
|
$2.00
|
| Operating Expenses |
$60,000
|
$3.00
|
| Total Expenses |
$100,000
|
$5.00
|
Taxes & Operating Expenses (Actual - 2023)
| Taxes | |
|---|---|
| Annual | $40,000 |
| Annual Per SF | $2.00 |
| Operating Expenses | |
|---|---|
| Annual | $60,000 |
| Annual Per SF | $3.00 |
| Total Expenses | |
|---|---|
| Annual | $100,000 |
| Annual Per SF | $5.00 |
Property Facts
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
20,000 SF
Building Class
B
Year Built/Renovated
1885/2015
Price
$4,000,000
Price Per SF
$200
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,000 SF
Slab To Slab
14’
Building FAR
0.46
Lot Size
1.00 AC
Opportunity Zone
Yes
Zoning
Retail, Mixed Business - Mixed use. with some retail. Opportunity Zone treatment. Restaurant already exists and is ready for new owner
.
Parking
50 Spaces (2.5 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Bus Line
- Food Service
- Pond
- Restaurant
- Waterfront
- High Ceilings
- Natural Light
- Food Service
- Partitioned Offices
- Outdoor Seating
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 39-00301-0000-00001 | Total Assessment | $2,239,200 (2024) |
| Land Assessment | $2,239,100 (2024) | Annual Taxes | $40,000 ($2.00/SF) |
| Improvements Assessment | $100 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
39-00301-0000-00001
Land Assessment
$2,239,100 (2024)
Improvements Assessment
$100 (2024)
Total Assessment
$2,239,200 (2024)
Annual Taxes
$40,000 ($2.00/SF)
Tax Year
2023
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175 north main street
175 N Main St
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