305 West Main Street, Boonton, NJ 07005 Property Information
305 West Main Street, Boonton, NJ 07005 Property Information
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- Owner
- Documents
- Tax
- Neighborhood
Address
| Primary address | 305 West Main Street, Boonton |
| Zip code | 07005 |
| County | Morris |
| Municipality | Boonton Town |
| Block | 118 |
| Lot | 6.01 |
Sales & Tax Overview for 305 West Main Street, Boonton
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Sale date | 05/28/2014 |
| Sale price | $534,000 |
| Arm's length | Register |
| Property tax | $15,210 |
Lot & Building Information for 305 West Main Street, Boonton
| Building sqft | 4,690 |
| Building class | Office - General (560) |
| Acreage | 0.371 |
| Year built | 1880 |
| Stories | 2 |
| Exterior structural material | Register |
Zoning, Use & Area Overview
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Other Property Data for 305 West Main Street, Boonton
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- • Improvements for 305 West Main Street, Boonton , including their type, square footage, grade and when they were built.
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About 305 West Main Street, Boonton
This Office - General (560) located at 305 West Main Street, Boonton, NJ 07005 has a total of 4,690 square feet and a current price per square foot of $113.
What is the year built & the current market value of 305 West Main Street, Boonton, NJ 07005?305 West Main Street, Boonton, NJ 07005 was built in 1880 and has a current tax assessor's market value of $450,000.
Ownership Information
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Spaces for Sale in 305 West Main Street, Boonton
| Listing type | For Sale |
|---|---|
| Listing date | 04/20/2026 |
| Last updated | 04/28/2026 |
| Lot size | 0.3072 Acre |
AADiscover the thriving neighborhood surrounding 305 W. Main St., Boonton, NJ, where a vibrant commercial landscape meets historic charm. Boonton's Main Street bustles within walking distance to downtown Boonton, with access to shopping, restaurants, NYC transit, nearby medical offices, and a strong surrounding residential base, making it an ideal location for investors and owner/users. The area's proximity to scenic parks like Grace Lord Park and tourist attractions like Boonton Falls adds allure. Nearby highways, Rt 287, 80, etc., provide convenient access to major business hubs, positioning the location as a strategic choice for investors seeking a dynamic yet accessible space. With a rich blend of amenities and a strong sense of community, the Boonton area holds undeniable appeal for office building investors.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 through July 31, 2026, providing stable in-place income while offering a defined near-term opportunity for a new owner. The existing tenancy reflects consistent occupancy and rents that have not increased over three years, positioning the investment with clear upside through future rent growth. Configured as two units, each with a separate entrance, this property is meticulously maintained and in turnkey condition, offering both immediate cash-flow potential and flexibility for investors or future owner-users. Upon lease expiration, a new owner will have the option to take occupancy, potentially negotiate a renewal, or reposition the property based on their investment strategy. 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 a 6.7% cap rate based on current income, supported by low operating expenses and tenant reimbursements, with a clear path to NOI growth. 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. Available for occupancy beginning August 1, 2026.
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Past Sales & Property History for 305 West Main Street, Boonton
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*Here are the three most recent sales for this property.
Title Documents for 305 West Main Street, Boonton
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R: Recorded date
D: Document date
Property Taxes for 305 West Main Street, Boonton
Access detailed property tax data for 305 West Main Street, Boonton, NJ 07005. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025 |
| Property tax | $15,210 |
| Market value | $450,000 |
Assessment History for 305 West Main Street, Boonton
Here's the assessment & property tax history for 305 West Main Street, Boonton, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessment value | Total tax rate | Property tax | Year over year change |
|---|---|---|---|---|---|
| 2024 | $450,000 | $450,000 | 3.38 | $15,210 | +2.70% |
| 2023 | $450,000 | $450,000 | 3.291 | $14,810 | +3.36% |
| 2022 | $450,000 | $450,000 | 3.184 | $14,328 | -13.97% |
| 2021 | $534,000 | $534,000 | 3.119 | $16,655 | +4.31% |
| 2020 | $534,000 | $534,000 | 2.99 | $15,967 | -1.29% |
Demographics By Zip Code
| Total population | 15,240 |
| Median age | 42 |
| Average household income | $165,659 |
| Family households | 70.4% |
| Occupied housing units | 5,745 |
| Owner occupied units | 71.0% |
| Average number of people per household | 2 |
| Median year structure built | 1960 |
| Median value for units with a mortgage | $585,600 |
| Median value for units without a mortgage | $529,700 |
Risk
Create a free account to unlock extended information for 305 West Main Street, Boonton, including whether it's located in FEMA flood zones, floodways or special flood hazard areas, as well as the Coastal barriers resources system area (COBRA).
| Fire hazard zone | See more on map |
| Geohazard zones map | Register |
Transportation
Access the detailed traffic volume map for 305 West Main Street, Boonton to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.
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Neighbors for 305 West Main Street, Boonton
Here are the neighbors for 305 West Main Street, Boonton.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 162 Chestnut St, Boonton | 1,280 | 02/05/2019 | $290,000 |
| 122 Chestnut St, Boonton | 1,690 | 09/06/2019 | $275,000 |
| 156 Chestnut St, Boonton | 2,450 | 01/23/2008 | $577,500 |
| 321 W Main St, Boonton | 4,546 | 04/24/2002 | $2,100,000 |
| 421 W Main St, Boonton | 2,418 | ||
| 148 Chestnut St, Boonton | 2,792 | 09/12/2003 | $350,000 |
| 168 Chestnut St, Boonton | 1,620 | 08/24/2012 | $1 |
| 170 Chestnut St, Boonton | 1,860 | 05/05/2020 | $18,500 |
| 362 Hawkins Pl, Boonton | 4,316 | ||
| 104 Elcock Ave, Boonton | 1,948 | ||
| 360 Hawkins Pl, Boonton | 2,722 | 05/03/2024 | |
| 134 Chestnut St, Boonton | 2,214 | 12/17/2025 | $680,000 |
| 130 Chestnut St, Boonton | 1,688 | 12/27/2021 | $350,000 |
| 331 W Main St, Boonton | 4,756 | 05/28/2004 | $1 |
| 413 W Main St, Boonton | 2,350 | 07/26/2017 | $335,000 |
| 120 Chestnut St, Boonton | 2,348 | 01/06/2014 | $514,000 |
| 115 Hawkins Pl, Boonton | 39,470 | 10/12/2015 | $1 |
| 140 Chestnut St, Boonton | 2,666 | 08/12/2017 | $545,000 |
| 327 W Main St, Boonton | 2,101 | 11/22/2016 | $1 |
| 411 W Main St, Boonton | 1,569 | 09/17/2014 | $453,750 |