331 Main St - Freestanding FOR SALE


Chatham, NJ 07928
$1,499,999 USD
973-457-3382
331 Main St, Chatham, NJ for Sale
$1,499,999 USD
Freestanding - FOR SALE
1/4
null | Request Cap Rate

331 Main St
Chatham, NJ 07928


HIGHLIGHTS

  • Distinctive 19th-century architecture blending historic character with adaptive mixed-use functionality.
  • On-site parking for 22 vehicles, a valuable rarity in a great in-town location
  • 2 updated apartments with private entrances, and laundry/storage for residents in basement
  • New roof, boiler, furnace, hot water heater, thrid floor bathroom and bilco doors

OVERVIEW

331 Main Street presents a rare investment opportunity in the heart of downtown Chatham, blending historic architecture with versatile functionality. This circa-1870 property sits on a generous half acre lot and is configured for professional offices as well residential apartments. The main floor provides a professional setting with an open reception area, a conference room, and private offices. The upper floors feature two well-appointed residential apartments with private entrances. The basement offers laundry facilities for tenants as well as storage. Historic details, original finishes, and architectural character not only enhance appeal but also maintain the property’s timeless charm. Ample on-site parking for 22 vehicles adds a rare convenience for tenants and clients in a pedestrian-friendly downtown environment. Steps from retail shopping, dining, and the Chatham train station, this property offers a commuter-friendly location with exceptional lifestyle and business advantages. Positioned in a dynamic suburban market, the asset provides unmatched opportunities for investors seeking a versatile, income-generating property in a highly sought-after borough.

FOR SALE DETAILS

PRICE

$1,499,999 USD

PRICE/SF

$409 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1870

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,536 SF

ZONING

B-2

APN/PARCEL ID

04-00085-0000-00006

ASK ABOUT THIS PROPERTY

John TunnyWeichert RealtorsMore Info
973-457-3382

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John TunnyWeichert RealtorsMore Info
973-457-3382

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.