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289 Main Street

Retail Property In Hackettstown Sold For $1.45M With Eric Weston Of Sheldon Gross Realty As The Broker
SOLDRetail

Retail Property In Hackettstown Sold For $1.45M With Eric Weston Of Sheldon Gross Realty As The Broker

289 Main Street

$1,450,000

$103/SF

Building Size

14,000 SF

Asset Type

Retail

Closing

Oct 8, 2025

AI

A 14,000-square-foot retail property located at 289 Main Street in Hackettstown has been sold for a total of $1,450,000. The property encompasses 1.5 acres and is currently occupied by various tenants, including a mechanics shop, dance studio, and church. The buyer intends to utilize part of the site for distribution and online vehicle sales.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,450,000
  • Square Footage: 14,000
  • Sale Price per Square Foot: $104
  • Address: 289 Main Street
  • Market: Hackettstown
  • Broker: Eric Weston - Sheldon Gross Realty
  • Acres: 1.5

Eric Weston, Vice President at Sheldon Gross Realty, represented the transaction, facilitating the sale of the property to the buyer while ensuring existing tenants can continue their operations on-site.

Players

Eric Weston

Sheldon Gross Realty

Broker

$13.1M

vol

8 deals

Broker
Sheldon Gross Realty
Sheldon Gross Realty Brokerage

Hackettstown Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93