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
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