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101 Walnut St 3,327 SF Retail Building Montclair, NJ 07042 $1,600,000 ($480.91/SF) 3.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Expansive Building Footprint on a Single Story
- Oversized Lot w/Parking
- One Block from Train Station
- 3,327 SF Building
- 9,111 SF Lot Size
- Short Distance to Bloomfield Ave
EXECUTIVE SUMMARY
101 Walnut Street present a rare opportunity to investors and owner/users to acquire a large retail corner property with an oversized lot with parking in downtown Montclair, NJ.
Montclair Brewery is a long term tenant with a lease expiration of September 2027 (less than 2 years). The property presents upside potential that can be realized through future lease negotiations or re-leasing of the space.
Montclair Brewery is a long term tenant with a lease expiration of September 2027 (less than 2 years). The property presents upside potential that can be realized through future lease negotiations or re-leasing of the space.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
3,327 SF
Building Class
C
Year Built/Renovated
1939/2005
Price
$1,600,000
Price Per SF
$480.91
Cap Rate
3.70%
NOI
$59,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.59
Lot Size
0.13 AC
Zoning
C-2 - General Business & Light Manufacturing
Parking
12 Spaces (3.61 Spaces per 1,000 SF Leased)
Walk Score®
Walker's Paradise (96)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-03203-0000-00019 | Improvements Assessment | $186,500 |
| Land Assessment | $255,200 | Total Assessment | $441,700 |
PROPERTY TAXES
Parcel Number
13-03203-0000-00019
Land Assessment
$255,200
Improvements Assessment
$186,500
Total Assessment
$441,700
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101 Walnut St
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