305 W Main St, Boonton Town, NJ 07005
305 W Main St, Boonton Town, NJ 07005
305 W Main St, Boonton Town, NJ 07005
305 W Main St, Boonton Town, NJ 07005
305 W Main St, Boonton Town, NJ 07005
305 W Main St, Boonton Town, NJ 07005
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Lisa Turek

Lisa Turek

+1(917) 825-6470
$ 1,300,000
Est. payment | /mo

4,690 SqFt

Save
$ 1,300,000
Est. payment | /mo
Save

4,690 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,690 sqft

Price per Sqft $277

MLS Listing ID 4021781

Year Built 1880

Annual Tax Amount $15,651

Tax Year 2025

Lot Size 0.370 Acres

Property Description

Highly visible commercial property with strong frontage in the heart of Boonton's business district, located within the supply-constrained Morris County submarket. This 4,690 SF multi-level asset is 100% occupied and configured as two units, each with a separate entrance, offering flexibility for investors or future owner-users. The layout includes private offices, conference rooms, dedicated workspaces, and a kitchenette well suited for a variety of professional uses. A rare and valuable feature, the property includes 15 private on-site parking spaces, a significant advantage for this asset type. Zoning allows for medical, professional, retail, vocational, dog grooming and service uses (e.g., salon, spa), with potential for mixed-use conversion subject to town approvals, creating additional upside. The property presents a compelling investment opportunity with in-place income at a 6.7% cap rate, low operating expenses supported by tenant reimbursements, and clear rent growth potential, as rents have not increased in over three years. Recent capital improvements include a new fire suppression system (2025), along with updated driveway and windows, minimizing near-term capital expenditures. Ideally located within walking distance to downtown Boonton, with access to shopping, restaurants, NYC transit, nearby medical offices, and a strong surrounding residential base.

Location

State NJ

County Morris

Zoning Commercial

Rooms

Basement Storage, Unfinished

Interior

Heating Gas-Natural

Cooling 2 Units, Central Air

Flooring Carpeting, Laminate

Equipment Fire Alarm, Kitchen Area, Restrooms - Private, Sign - Building, Smoke Detector, Storage Area(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Garage Spaces 15.0

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Building

Lot Description Corner

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by EXP REALTY, LLC

Nearby Locations

Lisa Turek

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(917) 825-6470

lturek@njlre.com

830 Morris Turnpike Suite 487 Short Hills NJ 07078

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305 W Main St