Properties

Description

Mixed use investment opportunity located in the heart of Montclair, New Jersey. The property consists of five total units, including a ground floor restaurant and four residential apartments, comprised of two three bedroom units and two one bedroom units, totaling approximately 5,500 square feet.The asset currently generates approximately $143,000 in gross income and approximately $85,000 in net operating income, providing stable in place cash flow. The residential component offers leasing flexibility with three of four units currently on a month to month basis, allowing for potential income growth over time.The retail space is occupied by a restaurant tenant with a lease in place through September 2028 and annual rent increases. Tenant contributes to utilities and certain operating expenses.Located along Bloomfield Avenue, one of Montclair's primary retail corridors, the property is surrounded by restaurants, shops, and neighborhood amenities. The property is within walking distance to the Bay Street Train Station, providing direct access to New York City. Montclair is a well established market known for strong rental demand and limited supply. The ongoing redevelopment of Lackawanna Plaza is expected to further enhance the area with additional residential, retail, and grocery components.

Features

  • Heating System : Forced Hot Air, 1 Unit
  • Cooling System : Central Air, 1 Unit
  • Basement : Walkout, Storage
  • Roof Deck : Flat
  • Tax Assessed Valuation: 930300
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Gas-Natural

Additional Info

  • Office Name: KELLER WILLIAMS - NJ METRO GROUP
  • Office MLS ID: 4129
  • Agent ID: 285362
  • Tax: 32709
  • Tax Year: 2025
  • Application Fee: $0
  • Zoning: C1

Commercial For Sale

For Sale
$1,999,999

381 Bloomfield Ave, Montclair Twp., *

  • SQFT 25 Acre
  • Built Year 1902

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5429389
  • Price: $1,999,999
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1902
  • Year Built Description: Approximate
  • Lot Area: 25 Acre
  • Status: Active
  • Days On Market: 133

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Montclair Twp.
  • Zipcode *
  • Street: Bloomfield Ave
  • Street Number: 381
  • Street Direction: Bloomfield Ave in Montclair near Bay St Train Stat
  • Building Name: 381
  • Floor Number: 0
  • Longitude: W75° 47' 4''
  • Latitude: N40° 48' 45.3''
  • Internet Display Address: Yes
Property