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$1,300,000 Just Listed

  • For Sale
  • Active
  • Retail
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Highly visible commercial property with strong frontage in the heart of Boonton's business district, located within the supply-constrained Morris County submarket. This 4,690 SF multi-level asset is 100% occupied and configured as two units, each with a separate entrance, offering flexibility for investors or future owner-users. The layout includes private offices, conference rooms, dedicated workspaces, and a kitchenette well suited for a variety of professional uses. A rare and valuable feature, the property includes 15 private on-site parking spaces, a significant advantage for this asset type. Zoning allows for medical, professional, retail, vocational, dog grooming and service uses (e.g., salon, spa), with potential for mixed-use conversion subject to town approvals, creating additional upside. The property presents a compelling investment opportunity with in-place income at a 6.7% cap rate, low operating expenses supported by tenant reimbursements, and clear rent growth potential, as rents have not increased in over three years. Recent capital improvements include a new fire suppression system (2025), along with updated driveway and windows, minimizing near-term capital expenditures. Ideally located within walking distance to downtown Boonton, with access to shopping, restaurants, NYC transit, nearby medical offices, and a strong surrounding residential base.

Full Property Details for 305 W Main St

General

  • Price: $1,300,000
  • Taxes: $15,651 (2025)
  • Status: Active
  • Type: Retail
  • Source: Garden_State
  • MLS ID: 4021781
  • Updated: 4/20/2026
  • Added to Site: 2 day(s) ago

Business

  • Includes: Building & Land

Interior

  • Flooring: Carpeting, Laminate

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Restrooms: 5

Additional Information

  • Equipment: Fire Alarm, Kitchen Area, Restrooms - Private, Sign - Building, Smoke Detector, Storage Area(s)

Parking

  • Garage Spaces: 15
  • Total Spaces: 15
  • Parking: Blacktop, Off-Street Parking, Parking Lot-Exclusive

Location

  • County: Morris
  • Driving Directions: Boulevard to W Main St, Boonton
  • Location Details: Business District, Freestanding, Residential Area

Heating & Cooling

  • Cooling Type: 2 Units, Central Air Conditioning
  • Heating Type: 2 Units, Baseboard - Hotwater
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Electric, Natural Gas, Fiber Optic, Garbage Included, Internet Available

Structural Information

  • Construction: Wood
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Storage, Unfinished
  • Roof: Asphalt Shingles
  • Ceiling Height: 96
  • Door Dimensions: 80
  • Stories in Building: 3
  • Square Feet: 4,690
  • Aprox. Leasable: 4,690 Sq. Ft.
  • Previous Bldg. Use: Office, Professional
  • Office: 4,690 Sq. Ft.
  • Year Built: 1880

Lot Features

  • Lot Size (Acres): 0.37
  • Lot Size: 0.371 ACRES
  • Zoning: Commercial
  • Lot Description: Corner

Financial Considerations

  • Price Per Sq. Ft.: $277
  • Expenses: Electricity, Gas/Oil, Maintenance - Exterior, Maintenance - Interior, Snow Removal, Water/Sewer
  • Operating Expenses: $20,000
  • Assessment Amount: $450,000
  • Land Assmt: $361,500
  • Tax Amount: $15,651
  • Tax Year: 2025
  • Pays Utilities: Tenant

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: Financial Statement, Income & Expenses, Leases, Survey Available
  • Disclosures: Yes
  • APN: 2301-00118-0000-00006-0001-
  • Block: 118
  • Lot Number: 6.01

Listed by Exp Realty, Llc

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Listing agent

— 305 W Main St —

  • Exp Realty, Llc

973-906-3329

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 305 W Main St

School District:Boonton Town School District
NameGradesDistance
School Street Elementary School
720 Birch Street, Boonton, NJ 07005
PK-K0.6 mi
Boonton High School
306 Lathrop Avenue, Boonton, NJ 07005
9-121.1 mi
John Hill Elementary School
435 Lathrop Avenue, Boonton, NJ 07005
1-81.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 305 W Main St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/20/2026
Listed
$1,300,000
143.45%
MLS
5/28/2014
Sold
$534,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 305 W Main St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$15,210
3%
$450,000
—
2023
$14,810
3%
$450,000
—
2022
$14,328
2%
$450,000
—
2021
$14,036
—
$450,000
-16%
2021
$14,036
-11%
$534,000
—
2018
$15,748
-3%
$534,000
—
2019
$16,175
7%
$534,000
—
2017
$15,091
3%
$534,000
—
2016
$14,696
-15%
$534,000
-16%
2015
$17,306
5%
$639,300
—
2013
$16,545
—
$639,300
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Exp Realty, Llc

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305 W Main St, Boonton Town, NJ 07005 (MLS# 4021781) is a Retail property. 305 W Main St is currently listed for $1,300,000 and was received on April 20, 2026. Want to learn more about 305 W Main St? Do you have questions about finding other Retail real estate for sale in Boonton Town? You can browse all Boonton Town real estate or contact a Coldwell Banker agent to request more information.

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