38-42 Main St, Sussex NJ 36-42 Main St 7 Unit Apartment Building $2,024,084 CAD ($289,155 CAD/Unit) Sussex, NJ 07461

Mixed-Use Investment Opportunity – 36–42 Main Street, Sussex, NJ
Investment Highlights
Prime Downtown Location: Located on Sussex Borough’s historic Main Street, the property enjoys excellent pedestrian and vehicular traffic in the heart of downtown. It is steps from Borough Hall and the community center, with popular local dining and shops nearby, ensuring strong visibility and footfall for the retail tenant.
Established Retail Anchor: Ground-floor retail is occupied by Baker’s Pharmacy, a long-established local business serving the community since 1914
This stable, destination tenant draws consistent customer traffic and provides a reliable income stream.
Six residential apartment units occupy the upper floors
Turn-Key Income Producer: The property is being delivered with existing tenancy in place, so an investor earns income from day one. The mix of a retail anchor and multiple apartments provides diversified income streams and a stable cash flow. This is an ideal investment for those seeking a turn-key asset with steady returns and long-term growth potential.
B-1 Central Business District Zoning: Zoned B-1 (Central Business District), which permits mixed-use, retail, and residential uses. This flexible zoning supports the current use and also offers versatility for future enhancements or changes

Investors benefit from the property’s central business district designation, ensuring it remains integral to downtown’s commercial/residential mix.
Historic Main Street Appeal: The building’s classic facade and location in the historic downtown contribute to its charm and desirability. It stands among other period buildings on Main Street, an area that has been a focus of local revitalization. The site’s proximity to civic buildings and amenities makes it attractive for both retailers and renters, supporting strong occupancy and rent stability over time.
Property Overview
36–42 Main Street is a mixed-use commercial building offered at $1,450,000, featuring a thriving ground-floor retail tenant and six fully occupied apartments above. This income-producing asset comprises seven units in total (one commercial unit and six residential units) and spans approximately 10,218 square feet of interior space
across three stories. The building sits on an estimated 0.16-acre site in the center of Sussex Borough’s downtown, with a Main Street frontage of about 77 feet (lot dimensions 77×90 ft, irregular). The ground level is anchored by Baker’s Pharmacy, a community fixture for over a century. This pharmacy/gift shop tenant not only provides reliable rental income but also drives foot traffic to the location. Above the store, six apartment units (fully leased) generate additional steady income. The apartments have a history of high occupancy and benefit from the property’s convenient location in a walkable downtown setting. Residents are within walking distance of municipal offices, parks, restaurants, and services, which helps keep the units in constant demand.

As Sussex Borough continues to focus on downtown revitalization and with a growing regional population, there may be opportunities to incrementally increase residential rents or adjust the retail lease over time. The Central Business District zoning (B-1) ensures the property can continue its mixed-use function and even explore additional permitted uses if desired, such as office or additional retail services, providing flexibility for future value-add or repositioning strategies. The historic nature of Main Street and the Borough’s support for its downtown businesses suggest that this property’s value and rental appeal should remain strong for years to come.
This asset is well-suited for 1031 exchange buyers, first-time commercial investors, or seasoned investors seeking to add a low-maintenance, high-occupancy property to their portfolio. Don’t miss the opportunity to own a piece of historic downtown Sussex that is both an integral part of the community and a solid performer from an investment standpoint.
Property Details
Price: $1,500,000
Building Size: ~10,218 SF total interior area (3-story mixed-use building)
njparcels.com
Lot Size: ~0.16 acres (~7,000 SF land area, per tax records – irregularly shaped lot)
Units: 7 total – (1 Retail + 6 Residential Apartments)
Occupancy: 100% leased (delivered fully occupied; no vacancies)
Anchor Tenant: Baker’s Pharmacy (ground floor retail) – in place long-term
Residential Tenants: 6 apartment leases in place (fully rented)
Zoning: B-1 Central Business District (permits mixed-use, retail, and residential uses)
Year Built: Early 20th Century (historic brick construction; exact year not documented)
Taxes: Approximately $19,933 per year (annual property taxes)
njparcels.com
This information has been compiled from sources deemed reliable (including local records and tenant representations) but is subject to verification. Prospective buyers are encouraged to perform their own due diligence. This LoopNet-style listing summary emphasizes the property’s strengths as an investment opportunity with stable income and prime location. Contact the listing broker for rent roll, lease terms, or to schedule a property tour.