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12 Main Rd 12 Route 202 3,821 SF Vacant Retail Building Montville, NJ 07045 $2,017,104 CAD ($527.90 CAD/SF) 6.47% Cap Rate



INVESTMENT HIGHLIGHTS
- 3 completely Renovated Retail/Office Spaces, 1 Bedroom Apartment upstairs
EXECUTIVE SUMMARY
Prime Commercial Opportunity in Montville! Located in the desirable B-1 Business District on Main Street, just steps from the Boonton border, this high-visibility property offers exceptional access and exposure. Positioned near NJ Transit bus and train service to NYC and surrounded by successful shops and restaurants, this well-maintained building is ideal for professional offices, retail, or service-oriented businesses. The ground-level features a spacious unit, with a large garage, half bathroom and ample storage. First floor offers two spacious units, each with private entrances and half bath, perfect for a variety of business uses. The second floor offers a 1-bedroom apartment complete with full bath, laundry, eat-in kitchen, living room, and office perfect for living or rental income. With ADA accessibility, a new roof, 12 dedicated parking spaces, and proximity to Routes 46, 80, 287, 280, and 23, this is a rare investment opportunity in a high-traffic, high-demand location.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$161,927
|
$42.38
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$161,927
|
$42.38
|
| Taxes |
$14,170
|
$3.71
|
| Operating Expenses |
$10,051
|
$2.63
|
| Total Expenses |
$24,221
|
$6.34
|
| Net Operating Income |
$137,706
|
$36.04
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $161,927 |
| Annual Per SF | $42.38 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $161,927 |
| Annual Per SF | $42.38 |
| Taxes (CAD) | |
|---|---|
| Annual | $14,170 |
| Annual Per SF | $3.71 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $10,051 |
| Annual Per SF | $2.63 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $24,221 |
| Annual Per SF | $6.34 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $137,706 |
| Annual Per SF | $36.04 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
3,821 SF
Building Class
C
Year Built
1900
Price
$2,017,104 CAD
Price Per SF
$527.90 CAD
Cap Rate
6.47%
NOI
$130,507 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.22
Lot Size
0.40 AC
Zoning
B-1A - Retail,Offices, Eating, Childcare, art gallery, salon etc
Frontage
150’ on RT 202 RD
AMENITIES
- Corner Lot
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21-00045-0000-00007-01 | Total Assessment | $539,130 CAD |
| Land Assessment | $328,129 CAD | Annual Taxes | $14,170 CAD ($3.71 CAD/SF) |
| Improvements Assessment | $211,001 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
21-00045-0000-00007-01
Land Assessment
$328,129 CAD
Improvements Assessment
$211,001 CAD
Total Assessment
$539,130 CAD
Annual Taxes
$14,170 CAD ($3.71 CAD/SF)
Tax Year
2025
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12 Main Rd | 12 Route 202
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