75 Midland AveMontclair, NJ 07042
- Other commercial real estate
- 4,213 SF
Property Details for 75 Midland Ave
- Year built
- 1899
- Construction
- FRAME
- Lot size
- 0.34 AC
- Property size (Sq ft)
- 4,213 SF
- Zone code
- OR3
- Property type
- Other commercial real estate
- APN
- 13 02307-0000-00013
- APU
- 1302307000000013
Description
This stunning 4,213 square foot Victorian office building in downtown Montclair, NJ offers a unique blend of residential charm and vibrant commercial accessibility. Located on a 0.37-acre lot, the entire second floor (Suite 2) is available for lease at $4500 per month. The suite boasts six private offices, each with natural light, plus a shared reception area and a private bathroom. Tenants also enjoy access to a large first-floor conference room, perfect for meetings and presentations. The building's well-preserved architectural details add character and sophistication. Enjoy the convenience of a wrap-around porch, ideal for outdoor calls or breaks. The property's prime location places you within easy walking distance of Walnut Street and Bloomfield Avenue, offering a wealth of dining and shopping options. Ample private parking is available on-site. Utilities are pro-rated, and tenants are responsible for cleaning their individual spaces and sharing common area cleaning costs. Real estate tax increases from the base year will also be pro-rated. Exterior landscaping is maintained by the owner. A significant benefit for incoming tenants is the potential to inherit an existing sublet agreement for two offices, generating an additional $1500 per month in income. This exceptional property presents a rare opportunity to establish a thriving business in a highly desirable Montclair location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $797,264
- Hospitality
- $730,290
- Educational
- $607,593
- Medical
- $628,489
- Retail
- $945,144
Location Insight
- City
- Montclair
- County
- Essex
- State
- New Jersey
- Latitude
- 40.8188
- Longitude
- -74.2171
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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