348 S Main St
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348 S Main St
3,568 SF 100% Leased Retail Building Williamstown, NJ 08094 $575,000 ($161/SF) 9% Cap Rate
Investment Highlights
- Restaurant equipment is included with the sale of the building
- Great location close to shopping and homes
- Located in the heart of downtown Williamstown on Main Street.
- The 1 bedroom apartment is occupied and the 2 bedroom apartment is vacant
- Directly across from a successful brewery
Executive Summary
Located in the heart of downtown Williamstown on Main Street, this turnkey, income-producing mixed-use property with a restaurant and 2 apartments is a remarkable find, offering significant income potential and business ownership opportunities. The restaurant is currently leased, featuring many updates and all restaurant equipment is included in the sale, generating immediate rental income with no additional investment required. Additionally, the property includes two currently rented apartments: a 1-bedroom unit and a 2 bedroom unit providing steady income. This prime location ensures high visibility and foot traffic, making it ideal for a variety of business ventures. With multiple revenue streams and a versatile, updated space, this building is a perfect opportunity for investors, business owners, and entrepreneurs looking to capitalize on a prime downtown location. Don’t miss out on this great opportunity to secure a lucrative investment. Close to major highways, Philadelphia, shore points, shopping and other professional buildings, this is a prime location. Contact us today to schedule a showing and discover the full potential of this exceptional property.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,568 SF
Building Class
B
Year Built
1930
Price
$575,000
Price Per SF
$161
Cap Rate
9%
NOI
$51,750
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.55
Lot Size
0.15 AC
Zoning
MU - Mixed use
Frontage
49 FT on S Main St
Amenities
- Signage
- Tenant Controlled HVAC
- Storage Space
Walk Score ®
Very Walkable (74)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 11-03205-0000-00012 | Total Assessment | $16,800 (2024) |
| Land Assessment | $16,800 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
11-03205-0000-00012
Land Assessment
$16,800 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$16,800 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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348 S Main St
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