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See Remarks For Sale

305 W Main St, Boonton Town, Morris 07005-1151

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Property Description

Investment or Owner-User Opportunity | 6.7% Cap Rate | Immediate UpsideHighly visible 4,690 SF commercial building in the heart of Boonton’s thriving business district. This meticulously maintained multi-level property offers the flexibility to invest, occupy, or both. The first floor is leased through October 31, 2026, providing immediate income, while approximately 2,500 SF on the second and third floors is available for owner occupancy or lease, making this an ideal opportunity for both investors and owner-users, to increase NOI and long-term value. Configured as two units with separate entrances, the building features reception areas, private offices, conference rooms, open workspaces, and a kitchenette, making it ideal for medical, professional, legal, financial, wellness, retail, educational, and service businesses. A rare downtown advantage, the property includes 15 private parking spaces. Zoning permits a wide variety of commercial uses with potential mixed-use opportunities, subject to municipal approvals. Recent improvements include a new fire suppression system (2025), updated windows, and an improved driveway. Walk to downtown Boonton’s restaurants, shops, and NJ Transit, with easy access to Routes 287, 202, 46, and I-80. Exceptional opportunity for investors, owner-users, and 1031 buyers seeking stable income with leasing and appreciation potential.

Basic Details
Property Type:
See Remarks
Listing Type:
For Sale
Listing ID:
4021781
Price:
$1,300,000
Year Built:
1880
Lot Area:
0.37 Acre
Status:
Active
Office Name:
EXP REALTY, LLC
Agent Name:
CLAUDIA PATTERSON
Property Sub Type:
See Remarks
Roof:
Asphalt Shingle
Features
Heating System:
Baseboard - Hotwater, 2 Units
Cooling System:
Central Air, 2 Units
Basement:
Unfinished, Storage
Flooring:
Laminate, Carpeting
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Address Map
Country:
US
State:
Morris
County:
Morris
City:
Boonton Town
Zipcode:
07005-1151
Street:
W Main St
Street Number:
305
Longitude:
W75° 34' 36.8''
Latitude:
N40° 54' 25.4''
Directions:
Boulevard to W Main St, Boonton
Zoning:
Commercial
Additional Information
Lot Size Dimensions:
0.371 ACRES
Water Source:
Public Water
Stories Total:
3
Number Of Units Total:
2
Lot Features:
Corner
Garage:
15
Building Size:
4690
Financial
Tax Annual Amount:
15651
Listing Information
List Agent Mls Id:
306055
List Office Mls Id:
5028
Mls Status:
Active
Modification Timestamp:
2026-07-19T08:45:31Z
Originating System Name:
gsmls
See Remarks For Sale
Listing ID:
4021781
Lot Area:
0.37 Acre
$1,300,000
Agent info
Contact Agent

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