96 Park StMontclair, NJ 07042

Property Details for 96 Park St

Year built

1890

Construction

FRAME

Lot size

0.43 AC

Property size (Sq ft)

4,070 SF

Zone code

OR3

Property type

Other commercial real estate

APN

13 02306-0000-00011

APU

1302306000000011

Description

This exceptional investment opportunity presents a beautifully restored Grand Victorian professional office building situated on Park Street in the heart of Montclair, NJ. The property boasts a prime location, offering convenient proximity to the vibrant Bloomfield Avenue business district, Montclair High School, and the Walnut Street Train station. Public transportation is readily available with a bus stop directly in front of the building. Currently fully occupied with a stable mix of professional, medical, counseling, and therapy tenants, this building enjoys a long rental history and exceptionally low vacancy rates. The property offers significant flexibility for a buyer who may wish to occupy a portion of the space. This stately historic building, lovingly maintained by its long-term owner, retains impressive original details including a gorgeous front porch, gleaming hardwood floors, ornate stained-glass windows, and five ornamental fireplaces. Shared amenities include a convenient conference room and kitchenette. Ample parking is provided with 21 spaces available on the .43-acre lot. The building presents a rare opportunity to acquire a high-quality, income-producing asset in a highly desirable Montclair location. The substantial rental income stream, combined with the building's historical charm and prime location, makes this an attractive investment for discerning buyers. This is a unique chance to own a piece of Montclair's rich history while enjoying a strong return on investment. The asking price is $1,999,999.

• Alternative Use

  Use

  Valuation

  Residential

  $770,203

  Hospitality

  $705,502

  Educational

  $586,969

  Medical

  $607,156

  Retail

  $913,063

Location Insight

City

Montclair

County

Essex

State

New Jersey

Latitude

40.8204

Longitude

-74.2148

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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