Commercial Sale For Sale

163 Park Street, Montclair, Nj 07042

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Property Description

Don’t miss this incredible opportunity with endless potential! Build your dream home or keep as an investment, incoming producing property! This expansive multifamily residence, currently a 5-unit investment property, is nestled within a single-family zone on a spacious flat lot with ample parking (4 garage spaces, one is currently being rented for $125 per month and each tenant can have 2 outdoor spots) and generous yard space. Ideally located in a prime location- .3 miles to Watchung Plaza shops, cafe’s and NYC direct train- and close to Walnut St Farmer’s Market too! The property offers the flexibility to remain a 5-family residence or be converted to a single, 2, 3, or 4-family home. Each unit features separate utilities, with paid laundry available in the basement. Surrounded by beautiful homes, the neighborhood would also welcome a single family conversion or new build. The house and garage are being sold in strictly AS IS condition. All units are currently being rented.

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 24027931
Price : $1,600,000
Status : Active
Office Name : Compass New Jersey, LLC-Montclair
Agent Name : Susan Lovit
Property Sub Type : Industrial
Features
Heating System : Gas, Radiators
Utilities : Sep Elec, Sep Gas
Waterfront Features : None
Address Map
Country : US
State : NJ
County : ESSEX
City : Montclair
Zipcode : 07042
Street : Park
Street Number : 163
Street Suffix : Street
Longitude : W75° 47' 22.6''
Latitude : N40° 49' 30''
Additional Information
On Market Date : 2024-08-29
Financial
Tax Annual Amount : 29520
Listing Information
Co List Agent Full Name : Dana Farber-Schwern
Co List Agent Mls Id : 1004543
List Agent Mls Id : 1004542
List Office Mls Id : 325402
Modification Timestamp : 2024-09-06T23:55:04Z
Originating System Name : njmls
Status Change Timestamp : 2024-08-29T00:00:00Z
Commercial Sale For Sale
  • Listing ID : 24027931
$1,600,000
Agent info
Contact Agent