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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
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305 West Main Street, Boonton, NJ 07005
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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
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
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Zoning, Use & Area Overview

Walk Score
Transit Score
Bike Score


Zoning district
Broadband internet providers and speed map
Types of broadband connections map

View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.

Other Property Data for 305 West Main Street, Boonton

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About 305 West Main Street, Boonton

How many sq. ft. does 305 West Main Street, Boonton, NJ 07005 have & what is the price per sq. ft?

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

305 W. Main St.
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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Brokers

Birdia Chambers
Active Listings For This Property:
For Sale 305 W. Main St.
305 W. Main St.
305 West Main Street, Boonton
Property General Office
Availability Spaces listed / Sqft
Price $1,300,000
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Past Sales & Property History for 305 West Main Street, Boonton

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Purchase date Purchase price Buyer name Seller name
05/28/2014 $534,000
04/03/2009 $1
04/21/2006 $700,000
       
       
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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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Date Type Amount Party 1 Party 2 Maturity Index Document Related documents Doc image
05/28/2014 - D
06/04/2014 - R
Deed and Realty Tax Fees
04/03/2009 - D Deed and Realty Tax Fees
04/21/2006 - D
05/10/2006 - R
Deed and Realty Tax Fees
                   
                   
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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

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Fire hazard zone See more on map
Geohazard zones map

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

Nearby ZIP Codes for 305 West Main Street, Boonton

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