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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 $159,957 $37.96
Other Income - -
Vacancy Loss - -
Effective Gross Income $159,957 $37.96
Taxes $13,998 $3.32
Operating Expenses $9,928 $2.36
Total Expenses $23,926 $5.68
Net Operating Income $136,031 $32.28

Financial Summary (Pro Forma - 2025)

Gross Rental Income (CAD)
Annual $159,957
Annual Per SF $37.96
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $159,957
Annual Per SF $37.96
Taxes (CAD)
Annual $13,998
Annual Per SF $3.32
Operating Expenses (CAD)
Annual $9,928
Annual Per SF $2.36
Total Expenses (CAD)
Annual $23,926
Annual Per SF $5.68
Net Operating Income (CAD)
Annual $136,031
Annual Per SF $32.28

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
4,214 SF
Building Class
C
Year Built
1900
Price
$1,585,781 CAD
Price Per SF
$376.31 CAD
Cap Rate
8.13%
NOI
$128,919 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.24
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

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 485-1,668 SF
  • Retail
  • -
  • Now

Located in a prime area of Montville near the Boonton border, this versatile 485-square-foot commercial space offers exceptional visibility on a highly traveled road with outstanding access and exposure. Surrounded by established shops, businesses, and restaurants, it provides an ideal setting for businesses seeking a strong presence in a thriving commercial corridor. The unit features a private entrance, a convenient half bath, and access to a private parking lot shared with neighboring tenants, offering added convenience for both customers and staff. Additional highlights include ADA accessibility, luxury vinyl plank flooring, a new roof, and ample on-site parking. The property's prime location provides easy access to Routes 46, 80, 287, 280, and 23, making it an excellent choice for a variety of business uses. Don't miss this opportunity to secure a standout location in one of Montville's most sought-after high-traffic commercial areas. Looking for more space? The entire building may also be available for lease, subject to availability. $1500 for 485sq ft, $3000 for 960 sq ft and $3500 for 1668 sq ft plus garage

Space Size Space Use Position Available
1st Floor 485-1,668 SF Retail - Now

1st Floor

Size
485-1,668 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 485-1,668 SF
Space Use Retail
Position -
Available Now

Located in a prime area of Montville near the Boonton border, this versatile 485-square-foot commercial space offers exceptional visibility on a highly traveled road with outstanding access and exposure. Surrounded by established shops, businesses, and restaurants, it provides an ideal setting for businesses seeking a strong presence in a thriving commercial corridor. The unit features a private entrance, a convenient half bath, and access to a private parking lot shared with neighboring tenants, offering added convenience for both customers and staff. Additional highlights include ADA accessibility, luxury vinyl plank flooring, a new roof, and ample on-site parking. The property's prime location provides easy access to Routes 46, 80, 287, 280, and 23, making it an excellent choice for a variety of business uses. Don't miss this opportunity to secure a standout location in one of Montville's most sought-after high-traffic commercial areas. Looking for more space? The entire building may also be available for lease, subject to availability. $1500 for 485sq ft, $3000 for 960 sq ft and $3500 for 1668 sq ft plus garage

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
Banco Santander

Property Taxes

Property Taxes

Parcel Number
21-00045-0000-00007-01
Land Assessment
$326,164 CAD (2026)
Improvements Assessment
$209,737 CAD (2026)
Total Assessment
$535,902 CAD (2026)
Annual Taxes
$13,998 CAD ($3.32 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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