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12 Main Rd 12 Route 202 3,821 SF Vacant Retail Building Montville, NJ 07045 $1,980,242 CAD ($518.25 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 |
$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
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
Property Taxes
| Parcel Number | 21-00045-0000-00007-01 | Total Assessment | $527,341 CAD |
| Land Assessment | $320,954 CAD | Annual Taxes | $13,911 CAD ($3.64 CAD/SF) |
| Improvements Assessment | $206,387 CAD | Tax Year | 2025 |
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
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12 Main Rd | 12 Route 202
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