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413 E Main St

Denville Twp., NJ 07834
  • $1,800,000
  • STATUS: Active Under Contract
  • ON SITE: 604 Days
  • MLS #: 3825375
Under Contract
UPDATED: 37 min ago
$1,800,000
  • 0
    BEDS
  • 0.78
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,650
    SQFT
  • $142
    $/SQFT
Type:
Commercial
Built:
1954
County:
Morris
Area:
Denville Twp.

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Description

First time on the market in Decades! Flex building investment property, spectacular Denville, NJ location. Close to all major highways, Route 46, 10, 80 & 287 all reached in minutes. Close to downtown Denville too. Tenants have all been long time occupants. Rent is slightly under market. Property can easily yield up to a 7 to 7.5% cap rate with a few adjustments. Building is clean, well maintained and ready for new owners. All tenants are willing to stay. Lease copies available as well as extensions. There are 5 Drive in Doors, varying in size slightly, 9'x12" average in size.

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Caitlyn Mulligan with RE/MAX Revolution. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Caitlyn Mulligan with RE/MAX Revolution are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-09-16T06:46:38.773.
www.mulligansellsmore.com/homes/136317503
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413 E Main St Denville Twp., NJ 07834

  • Price: $1,800,000
  • Status: Active Under Contract
  • On Site: 604 Days
  • Updated: 37 min ago
  • MLS #: 3825375
0
Beds
0
Baths
0
½ Baths
0.78
Acres
12,650
SQFT
$142
$/SQFT
1954
Built
County:
Morris
Area:
Denville Twp.
Property Description
First time on the market in Decades! Flex building investment property, spectacular Denville, NJ location. Close to all major highways, Route 46, 10, 80 & 287 all reached in minutes. Close to downtown Denville too. Tenants have all been long time occupants. Rent is slightly under market. Property can easily yield up to a 7 to 7.5% cap rate with a few adjustments. Building is clean, well maintained and ready for new owners. All tenants are willing to stay. Lease copies available as well as extensions. There are 5 Drive in Doors, varying in size slightly, 9'x12" average in size.
Exterior Features

Approximate Lot Size .775 AC Construction Brick/Block Exterior Description Concrete Location Business DistrictFreestanding Lot Description Level Lot Number Of Bays 3 Number Of Docks 0 Parking Driveway Description BlacktopHard SurfaceParking Lot-ExclusiveParking Lot-Shared Roof Description Flat

Interior Features

Basement No Cooling No Cool Equipment Available Restrooms - PrivateSee RemarksSmoke DetectorStorage Area(s) Floors ConcreteLaminate Heating 4+ UnitsForced Hot AirMulti-Zone Max Ceiling Height 13 Max Door Height 12 Number Of Lavatories 5 Office Sq Ft 1000

Property Features

Available Negotiable Expenses Include InsuranceMaintenance - ExteriorTaxes For Sale Or Lease For Sale Free Rent No Fuel Type Gas-Natural Gross Operating Income 143100 Lease Type Mixed Net Operating Income 94183 Permitted Use businessprofessionalexecutiveadministrative Primary Property Type Industrial Complex - Light Property Type Industrial Complex - Light Sale Includes Building & Land Sewer Public Sewer Suite Number 415 Tax Amount 28061 Tax Rate Amount 2.572 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 48916 Utilities ElectricGas-Natural Utilities Paid By Tenant Water Public Water Year Built Description Approximate Zoning I-1

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Re/Max Diamond Properties: 973-625-0450.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Caitlyn Mulligan with RE/MAX Revolution. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Caitlyn Mulligan with RE/MAX Revolution are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-09-16T06:46:38.773.
 
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Caitlyn Mulligan with RE/MAX Revolution
2101 route 34, Suite B
Wall NJ, 07719