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331 Main St 3,667 SF 100% Leased Retail Building Chatham, NJ 07928 $2,076,794 CAD ($566.35 CAD/SF)



Investment Highlights
- Distinctive 19th-century architecture blending historic character with adaptive mixed-use functionality.
- 2 updated apartments with private entrances, and laundry/storage for residents in basement
- On-site parking for 22 vehicles, a valuable rarity in a great in-town location
- New roof, boiler, furnace, hot water heater, thrid floor bathroom and bilco doors
Executive Summary
331 Main Street presents a rare investment opportunity in the heart of downtown Chatham, blending historic architecture with versatile functionality. This circa-1870 property sits on a generous half acre lot and is configured for professional offices as well residential apartments. The main floor provides a professional setting with an open reception area, a conference room, and private offices.
The upper floors feature two well-appointed residential apartments with private entrances. The basement offers laundry facilities for tenants as well as storage. Historic details, original finishes, and architectural character not only enhance appeal but also maintain the property’s timeless charm.
Ample on-site parking for 22 vehicles adds a rare convenience for tenants and clients in a pedestrian-friendly downtown environment.
Steps from retail shopping, dining, and the Chatham train station, this property offers a commuter-friendly location with exceptional lifestyle and business advantages. Positioned in a dynamic suburban market, the asset provides unmatched opportunities for investors seeking a versatile, income-generating property in a highly sought-after borough.
The upper floors feature two well-appointed residential apartments with private entrances. The basement offers laundry facilities for tenants as well as storage. Historic details, original finishes, and architectural character not only enhance appeal but also maintain the property’s timeless charm.
Ample on-site parking for 22 vehicles adds a rare convenience for tenants and clients in a pedestrian-friendly downtown environment.
Steps from retail shopping, dining, and the Chatham train station, this property offers a commuter-friendly location with exceptional lifestyle and business advantages. Positioned in a dynamic suburban market, the asset provides unmatched opportunities for investors seeking a versatile, income-generating property in a highly sought-after borough.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,667 SF
Building Class
C
Year Built
1870
Price
$2,076,794 CAD
Price Per SF
$566.35 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.18
Lot Size
0.47 AC
Zoning
B-2 - Office/Apartments/Retail
Parking
22 Spaces (4.84 Spaces per 1,000 SF Leased)
Frontage
83’ on Main St
Fairly walkable
50/100
Exceptionally drivable
100/100
Good public transit
70/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-00085-0000-00006 | Improvements Assessment | $640,484 CAD |
| Land Assessment | $1,005,169 CAD | Total Assessment | $1,645,652 CAD |
Property Taxes
Parcel Number
04-00085-0000-00006
Land Assessment
$1,005,169 CAD
Improvements Assessment
$640,484 CAD
Total Assessment
$1,645,652 CAD
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