Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
N/A
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.
Features & Amenities
Interior
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Total Bedrooms
N/A
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Bathrooms
N/A
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Pet friendly
N/A
Exterior
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Garage
No
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Pool
No
Area & Lot
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Property Type
Residential Income
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Property Sub Type
Mixed Use
Price
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Sales Price
$899,900
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Sq. Footage
N/A
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Price/SqFt
N/A
HOA
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Association
No
School District
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Elementary School
N/A
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Middle School
N/A
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High School
N/A
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Location
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Elementary School
Middle School
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Listing Courtesy of Jie Chan Chen , Weichert Realtors, Ridgewood
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