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$ 899,900
Est. payment | /mo
3,572 SqFt
$ 899,900
Est. payment | /mo
3,572 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,572 sqft
Price per Sqft $251
MLS Listing ID 4018433
Year Built 1945
Annual Tax Amount $19,250
Tax Year 2025
Property Sub-Type Mixed Use
Property Description
Exceptional mixed-use opportunity in the heart of downtown Montclair! The first floor offers approximately 2,500 SF of retail space with a full basement, one bathroom, and direct access to the backyard. Currently rented on a month-to-month basis, the tenant is open to negotiating a new lease with the new owner, or the space can be delivered vacant, providing immediate flexibility for retail, restaurant, or service use. Estimated rental income for the retail space is approximately $5,000 per month.The property presents a strong cap rate of 7% or higher, with additional income potential from basement storage. A dedicated loading area with direct basement access further enhances its functionality for a variety of business uses.The second floor features two one bedroom, one bath apartments, leased through the end of February 2027, generating $3,333 per month in rental income. Ideally located in a high-traffic area near shops, restaurants, and public transit, this property is well suited for investors or owner users seeking a versatile asset with stable income and long-term growth potential.
Location
State NJ
County Essex
Zoning Mix use
Rooms
Basement Full, Storage
Interior
Heating Gas-Natural
Cooling Wall A/C Unit(s), Window A/C(s)
Equipment Restrooms - Private, Smoke Detector
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available All Underground, Electric, Gas-Natural
Roof Type Flat
Building
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by WEICHERT RLTRS RDG
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