171 Maplewood Ave - Storefront Retail/Residential FOR SALE


Maplewood, NJ 07040
$2,250,000 USD
917-696-0802
171 Maplewood Ave, Maplewood, NJ for Sale
$2,250,000 USD
Storefront Retail/Residential - FOR SALE
1/30
null | 6.6% Cap Rate

171 Maplewood Ave
Maplewood, NJ 07040


HIGHLIGHTS

  • Fully leased mixed-use corner property in the heart of Maplewood Village
  • High-visibility retail with strong foot traffic and long-term residential tenants above
  • Located in the heart of Maplewood Village, a highly walkable and affluent downtown with strong foot traffic, retail demand, and NJ Transit access

OVERVIEW

171 Maplewood Avenue | Maplewood, NJ Prime Mixed-Use Investment in the Heart of Maplewood Village Welcome to 171 Maplewood Avenue, a rarely available mixed-use gem in one of New Jersey’s most desirable downtowns. Situated at the high-visibility corner of Maplewood Avenue and Highland Avenue, this well-maintained corner property offers a strong blend of stability, upside potential, and location. This fully leased building features: • One ground-floor retail unit with excellent frontage and signage opportunity • Tenant in Year 2 of 5-Year Lease (with one 5-Year Option) Three residential apartments above • Two 1BR/1BA units • One spacious 3BR/2BA unit • All units occupied by long-term tenants Additional highlights include: • Private rear access and basement storage • Excellent foot traffic and exposure next to popular businesses • On-street and nearby municipal parking • Zoned in an area open to vertical expansion (potential to add an additional floor – subject to approvals) • Located in the affluent, walkable Maplewood Village, this is a thriving live-work-play environment that attracts steady foot traffic from both locals and visitors. Tenants and shoppers alike enjoy the rich mix of independent boutiques, cafes, and commuter access via NJ Transit. This is an ideal opportunity for investors seeking stabilized income with future upside, or owner-users who want to secure their space for future occupancy when a residential lease expires.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$475 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1921

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

RB

APN/PARCEL ID

11-00012-04-00191-02

ASK ABOUT THIS PROPERTY

Cheryl DarmaninKW CommercialMore Info
917-696-0802

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Cheryl DarmaninKW CommercialMore Info
917-696-0802

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