287-289 S Main St
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287-289 S Main St
8,000 SF 100% Leased Retail Building Manville, NJ 08835 £1,545,339 (£193/SF)
Executive Summary
Solid investment property in an up and coming borough with strong fundamentals. Fully leased 9-unit mixed-use property on an expanded lot in downtown Manville. 1 commercial unit (convenience store) and 8 apartments (5 one-bedroom and 3 two-bedroom). 2 apts newly converted from former office space. Separate utilities. Approx. 8,000 sf 2-story steel beam building. Full basement. Large parking area. Annual gross income- $157,000+. Ideal primary investment or superb addition to any portfolio.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
8,000 SF
Building Class
C
Year Built
1956
Price
£1,545,339
Price Per SF
£193
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.56
Land Acres
0.33 AC
Zoning
C- commercial district
Parking
24 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 11-00151-0000-00001 | Total Assessment | £580,463 (2024) |
| Land Assessment | £118,054 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £462,410 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
11-00151-0000-00001
Land Assessment
£118,054 (2024)
Improvements Assessment
£462,410 (2024)
Total Assessment
£580,463 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
-
James Duffy -
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287-289 S Main St
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