User/ Investor Opportunity 550 W Main St
10,000 SF 100% Leased Office Building Boonton, NJ 07005 For Sale
INVESTMENT HIGHLIGHTS
- Stabilized investment property - 100% occupied
- Well-maintained interior & grounds, idyllic setting
- Medical, wellness and professional tenants including: dental practice, accountant, art therapist, psychologist
- Excellent Location with strong demographics in surrounding areas
- Ample parking in front, back and rear of building
- Unique property with neighborhood office attributes
EXECUTIVE SUMMARY
550 W Main Street offers an exceptional investment opportunity in a stabilized, fully leased, 10,000 square foot, two-story office building. This property boasts a robust rent roll with a diverse tenant roster, 13 private offices, and well-maintained interior and grounds. Tenants include medical, wellness, and professional services with strong tenant retention. Additionally, there is an option for owner-occupied space.
The property is strategically located at the intersection of Mountain Lakes Blvd and Fanny Rd, featuring abundant parking in both the front and rear, as well as prominent signage on Mountain Lakes Blvd. With strong local demographics and proximity to Boonton and Denville downtown areas, 550 W Main Street is set in an idyllic environment that attracts and retains a high-quality tenant base.
550 W Main Street is perfectly situated on the border of Mountain Lakes and Boonton, with Montville and Denville nearby. This prime location benefits from a strong demographic and a thriving local community, driving consistent demand for our diverse tenant base. What sets 550 W Main Street apart is its unique neighborhood office atmosphere, making it an ideal choice for wellness, small professional, and medical tenants
The property is strategically located at the intersection of Mountain Lakes Blvd and Fanny Rd, featuring abundant parking in both the front and rear, as well as prominent signage on Mountain Lakes Blvd. With strong local demographics and proximity to Boonton and Denville downtown areas, 550 W Main Street is set in an idyllic environment that attracts and retains a high-quality tenant base.
550 W Main Street is perfectly situated on the border of Mountain Lakes and Boonton, with Montville and Denville nearby. This prime location benefits from a strong demographic and a thriving local community, driving consistent demand for our diverse tenant base. What sets 550 W Main Street apart is its unique neighborhood office atmosphere, making it an ideal choice for wellness, small professional, and medical tenants
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PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
10,000 SF
Building Class
C
Year Built
1940
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,000 SF
Building FAR
0.30
Lot Size
0.77 AC
Zoning
B-4 - B-4 - Medical and Professional
Parking
30 Spaces (3 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 01-00113-01-00013 | Improvements Assessment | $386,500 |
| Land Assessment | $776,800 | Total Assessment | $1,163,300 |
