56 E Main St - Retail FOR SALE


Sussex, NJ 07461
$1,199,000 USD
862-354-1822
56 E Main St, Sussex, NJ for Sale
$1,199,000 USD
Retail - FOR SALE
1/17
null | Request Cap Rate

NEW


56 E Main St
Sussex, NJ 07461


HIGHLIGHTS

  • Exceptional Investment Value: 56 E Main offers a rare opportunity to acquire a a high-standard building at massive discount vs. replacement cost
  • Perfect for contractors or specialty trades, the building provides expansive warehouse space, multiple showroom/office areas & ample parking
  • Strong Immediate Cash Flow: Features three fully tenanted apartments & two commercial tenants, offsetting carrying cost
  • The ~2,000 SF shop space is engineered for trade-based operations with three grade-level overhead doors, 13-foot clearances, and 15-foot ceilings
  • Load-bearing CMU walls with cores filled with grout and continuous horizontal reinforcement for vastly superior shear and lateral load resistance
  • An R-30 (9.5-inch batt) insulation assembly between the commercial and residential levels provides critical sound attenuation.

OVERVIEW

56 E Main Street, Sussex, NJ is a well-positioned, masonry-built mixed-use asset priced at $1,199,000. It includes three tenanted residential apartments, two tenanted office suites, a warehouse & shop space with three grade-level overhead doors at 13-foot clearance and approximately 15-foot interior ceiling height, a large paved rear lot built for equipment and trailer staging, and a large, dry basement for storage. All units are separately metered for gas and electric. This asset is ideally suited for an owner-user in a trade-based business, contractor, specialty trade, or similar operation seeking a highly functional headquarters. It offers expansive open warehouse and shop space, complete with an equally large, dry basement for storage and three roll-up doors, plus multiple offices or showroom areas. On-site apartments and leased office space provide ancillary income to offset carrying costs, while the prominent location on a main thoroughfare at the New York-New Jersey border ensures exceptional business visibility and transport access. From a replacement-cost perspective, replicating a building of this standard today would cost multiples beyond the asking price, allowing the buyer to acquire a premium asset at a substantial discount to modern development costs.

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$177 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Warehouse, Workshop, Apartments & Offices

PROPERTY TYPE

Retail

ADD'L SUBTYPES

undefined, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

OR

APN/PARCEL ID

21-00505-0000-00011

ASK ABOUT THIS PROPERTY

Clay PannaschFairclough RealtorsMore Info
862-354-1822

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Clay PannaschFairclough RealtorsMore Info
862-354-1822

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