413 E Main St Denville, NJ ^$ 1,800,000

413 E Main St

^$ 1,800,000

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413 E Main St

Denville, NJ, 07834

^$ 1,800,000

Studio Baths0.5

Monthly Estimate*

^$ 12,574

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Studio

Commercial Property for sale in Denville, NJ

for $1,800,000 with 5 half baths. This building was built in 1954 on a lot size of 0.78.

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.

Commercial Pending

Price

^$ 1,800,000

Bedrooms

Studio

Half Bath

Property Type

Commercial

Taxes

^$ 28,061

Style

Industrial Complex - Light

Lot Size

0.78

Year Built

1954

Town/City

Denville

County/Region

Morris

MLS | Web ID

3825375

Features

General

Sewer Public Sewer

Construction Brick/Block

Heating 4+ Units Forced Hot Air Multi-Zone

Cooling No Cool

Utilities Electric Gas-Natural

Possession AT CLOSING

Roof Flat

Zoning I-1

Garage Spaces 40

Year Built 1954

Township Denville Twp.

Property Type Industrial Complex - Light Industrial Complex - Light

Tax Year 2022

Percent Ownership Fee Simple

Location Business District Freestanding

Lease Information 1 Year Minimum

Gross Income 143100

County Morris

Net Operating Income 94183

Operating Expense 48916

Status Under Contract

Directions Route 53 a/k/a Main Street Denville to # 411-415 E Main Street across from Morris County Vo-Tech

Total Units 5

Street Name E Main St

Tax Annual Amount 28061

Drive Blacktop Hard Surface Parking Lot-Exclusive Parking Lot-Shared

Leasable Area 1000

Days on Market 47

Lease Type Mixed

Standard Status Under Contract

Tax Assessed Value 1091000

Town # 2308

Tax Lot 3

Farm Assessment No

Interior

Flooring Concrete Laminate

Fuel Type Gas-Natural

Total Stories 1

Half Baths 5

Exterior

Lot Features Level Lot

Water Source Public Water

Exterior Description Concrete

Building Area Total 12650

Lot Dimensions .775 AC

Lot Size Acres 0.78

* Excluded Features

List By

GLEN BAKER

Listing Agent

Re/Max Select

Broker

glenbaker@morrisagent.com

Affordability Calculator

$14,912

Per Month

Monthly Principal & Interest: $12,574
Monthly Property Taxes: $2,338
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Denville, NJ

Average List Price ^$268,961

Percent of Sale Price 85%

About Denville, NJ

16,770 Population

6% Since 2002

^$110,470 Median Income

45.61 Median Age

31% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

291163 Elementary School

291353 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/20/2023	$1,800,000		Listed Price

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413 E Main St, Denville, NJ, 07834 is a Commercial Property for sale at $1,800,000 with a lot size of 0.78. 413 E Main St is a studio with 0.5 baths and was built in 1954. The property's zip code is 07834 which is in Denville, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.

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.

This information is being provided 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.

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413 E Main St

Commercial Property for sale in Denville, NJ

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