305 W Main St, Boonton Town, NJ 07005

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.