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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 $158,968 $41.60
Other Income - -
Vacancy Loss - -
Effective Gross Income $158,968 $41.60
Taxes $13,911 $3.64
Operating Expenses $9,867 $2.58
Total Expenses $23,778 $6.22
Net Operating Income $135,190 $35.38

Financial Summary (Pro Forma - 2025)

Gross Rental Income (CAD)
Annual $158,968
Annual Per SF $41.60
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $158,968
Annual Per SF $41.60
Taxes (CAD)
Annual $13,911
Annual Per SF $3.64
Operating Expenses (CAD)
Annual $9,867
Annual Per SF $2.58
Total Expenses (CAD)
Annual $23,778
Annual Per SF $6.22
Net Operating Income (CAD)
Annual $135,190
Annual Per SF $35.38

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
3,821 SF
Building Class
C
Year Built
1900
Price
$1,980,242 CAD
Price Per SF
$518.25 CAD
Cap Rate
6.47%
NOI
$128,122 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
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Nearby Major Retailers

Starbucks
ACME
Chase Bank
IHOP
Wells Fargo Bank
Santander

Property Taxes

Property Taxes

Parcel Number
21-00045-0000-00007-01
Land Assessment
$320,954 CAD
Improvements Assessment
$206,387 CAD
Total Assessment
$527,341 CAD
Annual Taxes
$13,911 CAD ($3.64 CAD/SF)
Tax Year
2025
  • Listing ID: 37589005

  • Date on Market: 2025-04-15

  • Last Updated:

  • Address: 12 Route 202, Montville, NJ 07045

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