Boonton, NJ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Boonton, New Jersey Market population: 8K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Boonton NJ Properties: 2.3800%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Boonton NJ
Common questions from investors exploring commercial real estate in Boonton NJ.
What's the overall investment potential of Boonton, NJ, considering its demographics and economy?
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Boonton, NJ, with a population of 8,393 and a median age of 40.1, presents a stable investment market, given its median household income of $90,448 and a relatively low poverty rate of 6.3%, indicating a strong and stable tenant base. The top industries, including Information, Finance & Insurance, and Manufacturing, also suggest a diverse economy. Additionally, the high health insurance coverage rate of 92.8% and average commute time of 23.9 minutes reflect a good quality of life, which can attract and retain residents.
How does the ethnic diversity and industry mix in Boonton impact real estate demand?
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The ethnic diversity in Boonton, with top ethnicities being White (42.1%), White Non-Hispanic (37.6%), and Hispanic (7.9%), contributes to a vibrant community that can support a variety of housing needs. The mix of top industries, including Information, Finance & Insurance, and Manufacturing, not only provides a broad base for employment but also suggests a demand for different types of housing, from apartments for young professionals in the information sector to homes for families in the manufacturing industry, thereby supporting a stable rental market.
What are the implications of Boonton's poverty rate and health insurance coverage for real estate investors?
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The 6.3% poverty rate in Boonton, combined with a high health insurance coverage rate of 92.8%, suggests a market with a significant portion of the population having access to healthcare, which can lead to a more stable and reliable tenant base. This, in turn, can reduce the risk for real estate investors, as tenants are more likely to have the means to pay rent consistently, making Boonton an attractive location for investment.
How do commute times and methods in Boonton affect the attractiveness of the area for investors?
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The average commute time of 23.9 minutes in Boonton, with top commute methods being driving alone, working from home, and carpooling, indicates a relatively convenient and flexible commuting environment. This can make the area more attractive to potential residents, thereby supporting demand for housing and potentially increasing property values over time, which is beneficial for real estate investors looking for long-term appreciation.
What insights do the median property value and taxes offer for real estate investment in Boonton?
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The median property value of $390,700 and median property taxes of $2,032 in Boonton provide insights into the cost of investment and potential returns. Considering the median household income of $90,448 and the low poverty rate of 6.3%, these costs can be manageable for investors, especially when factoring in the potential for rental income and long-term property appreciation, supported by the area's diverse economy and good quality of life indicators like health insurance coverage and commute times.
Boonton NJ Real Estate & City Facts
Key facts and real estate information about Boonton NJ.
What are some of the best neighborhoods to live in Boonton?
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Some of the best neighborhoods to live in Boonton include Kingsland Road, which is known for its peaceful and friendly community, and the northwest parts of the city, which tend to be more desirable. Boonton Township is also a popular choice, offering a suburban vibe and a range of parks and amenities.
What are some fun things to do in Boonton?
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Boonton has a lot to offer when it comes to things to do. You can visit Tourne County Park, which offers outdoor activities and stunning landscapes, or check out the Boonton Historical Society and Museum to learn more about the city's history. The Speakeasy Art Gallery and S.H.E. Gallery are also great places to explore, and the city has a number of parks, including Grace Lord Park and Boonton's Rockaway River Gorge.
What is the food scene like in Boonton?
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The food scene in Boonton is diverse and exciting, with a range of restaurants to choose from. Some popular options include Black Rabbit Saloon, Alhara Shawarma, and Fasil Mediterranean Restaurant, which offer everything from Italian and Mediterranean cuisine to shawarma and other international dishes. There are also plenty of great food trucks and cafes to check out, making Boonton a great place to eat out or grab a quick bite.
What are the pros and cons of living in Boonton?
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One of the pros of living in Boonton is its suburban vibe and range of amenities, including parks, restaurants, and shops. The city also has a strong sense of community, with a number of community events and activities throughout the year. However, one of the cons is that it can be a bit pricey, with high property values and taxes. Additionally, some areas of the city can be a bit crowded and traffic-heavy, especially during rush hour.
Is Boonton a good place to live?
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Overall, Boonton is a great place to live, offering a unique blend of suburban charm and urban amenities. While it may have some drawbacks, such as high costs and traffic, the city's strong sense of community, beautiful parks, and exciting food scene make it a great choice for anyone looking to put down roots in New Jersey. Whether you're a family, a young professional, or just looking for a new place to call home, Boonton is definitely worth considering.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Boonton NJ Commercial Property: $90,448
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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