18-28 Main St
Chester, NJ 07930

Marcus & Millichap is pleased to exclusively list for sale The Centennial Building, a mixed-use building including 6 apartment units & 3 commercial units located in Chester, (Morris County) New Jersey. The subject property is situated on Route 24 (Main Street), several blocks from Route 206, which provides access to all nearby residents looking north or south. The subject property is built on 0.6 acre lot with ample parking for tenants and retail customers. The majority of tenants have been in the same location for numerous years, most notably the ice cream shop which has been in this location since 1969. Chester is a borough in Morris County, New Jersey and is separate of Chester township, which completely surrounds the subject property. The major roads that pass by or through Chester are County Route 513 and U.S. Route 206. The borough is approximately 37 miles from Manhattan, New York. Local bus service is available via New Jersey transit buses on the MCM4 and MCM5 routes. Within a 3-mile radius of Chester, the average household income is $207,092 among the 11,380 individuals who resides within a 3-mile radius of the subject property. The asking price of $1,300,000 represents a 7.43 percent cap rate.