For Sale
$2,250,000

171 Maplewood AveMaplewood, NJ 07040

Prime Maplewood location, strong rental income.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional mixed-use property, located at 171 Maplewood Avenue in Maplewood, New Jersey, presents a compelling investment opportunity. The 4,736 square foot, three-story building sits on a 1,751 square foot lot and is zoned RB. The property boasts a diverse income stream, featuring a ground floor retail space currently leased to a cannabis shop, complemented by three residential apartments: one two-bedroom unit and two one-bedroom units. Strategically positioned in the vibrant downtown area, near the Maplewood train station on the NJ Transit Morris & Essex line, this property benefits from excellent accessibility and high visibility. Its proximity to I-78 (Exit 50 Vauxhall Rd) further enhances its appeal. The property's tax class is 4A (Commercial), with annual real estate taxes totaling $28,751.76. The asking price for this exceptional investment is $2,250,000, translating to a price per square foot of $475.08. The average annual daily traffic count (AADT) is 3,578, indicating significant foot and vehicular traffic. This property offers a unique blend of commercial and residential income potential in a highly desirable New Jersey location. The block and lot number is 12.04/191.02.

Highlights

  • $2,250,000 asking price for a 4,736 square foot mixed-use building.
  • Located at 171 Maplewood Ave, Maplewood, NJ 07040, in Essex County.
  • Features one ground floor retail space (leased to a cannabis shop) and three residential apartments (one 2-bedroom, two 1-bedroom).
  • Sits on a ±1,751 square foot lot, zoned RB.
  • Excellent location near the Maplewood train station and I-78.

Property Details for 171 Maplewood Ave

Property type
Specialty properties, Mixed-use properties
Square Feet
4,736 SF

Location Insight

City
Maplewood
County
Essex
State
New Jersey
Latitude
40.730861302421
Longitude
-74.278082724103
171 Maplewood Ave, Maplewood, New Jersey

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171 Maplewood Ave
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