101 Park St - Office/Residential FOR SALE


Montclair, NJ 07042
$1,375,000 USD
201-965-9033
101 Park St, Montclair, NJ for Sale
$1,375,000 USD
Office/Residential - FOR SALE
1/48
null | 6.38% Cap Rate

NEW


101 Park St
Montclair, NJ 07042


HIGHLIGHTS

  • Potential Dream Home for Single Family Buyer in beautiful residential neighborhood
  • Turnkey Investment property
  • Expansive back yard with ample parking

OVERVIEW

Broker Open: Friday, May 9th 3:00-5:00pm & Saturday, May 10th 12:00-3:00pm. Prime Investment Opportunity & Dream Home Potential in Montclair, NJ. Nestled in the heart of a vibrant and sought-after community this exceptional property offers a rare blend of versatility, charm, and opportunity. Currently configured as a professional office building across four expansive floors, this meticulously maintained structure boasts a range of businesses, making it an ideal investment for savvy buyers seeking immediate rental income and long-term growth. With multiple businesses already thriving within, this property is a turnkey solution for those looking to expand their portfolio with a multi-tenant asset. Additional allure lies in its remarkable potential as a future single-family residence. This spacious layout and generous floorplan provide a perfect canvas to transform this classic building into a stunning dream home. Set on a large expansive lot offering ample parking, you have the perfect balance of convenience and suburban serenity. Montclair is renowned for its blend of historic charm, arts, endless dining options, boutiques and venues. Easy access to NYC via multiple transportation options make it perfect for both business/residential living. Whether you're an investor seeking a profitable commercial property with high rental potential, or a discerning buyer looking to create the ultimate home in one of NJ's most coveted locales, this property promises unmatched value and limitless potential.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$204 USD /SF

CAP RATE

6.38%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1908

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,470 SF

ZONING

OR3

APN/PARCEL ID

13-02312-0000-00026

ASK ABOUT THIS PROPERTY

Nicholas GagisColdwell Banker Commercial RealtyMore Info
201-965-9033

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Nicholas GagisColdwell Banker Commercial RealtyMore Info
201-965-9033

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.