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119 Watchung Ave 1,400 SF 100% Leased Retail Building Montclair, NJ 07043 $1,600,000 ($1,142.86/SF)
Executive Summary
In the center of Watchung Plaza surrounded by a desirable residential neighborhood convenient to shopping, dining and NYC commute. This is a commuter's delight. The accessibility and charm of this area results in stable tenants and low vacancy for both residential and retail units. Apartment #1 has LR, BR, newer EIK, newer bath with shower. Apartment #2 is LR,BR, new EIK, newer bath with shower. Apartment #3 is a 3 room studio efficiency, One room has a refrigerator and sink, no cooking. Appliances provided. There is parking on Watchung Ave and a municipal parking lot behind the building. Long term tenant occupying the commercial space.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,400 SF
Building Class
C
Year Built
1910
Price
$1,600,000
Price Per SF
$1,142.86
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.46
Lot Size
0.07 AC
Zoning
NC - Neighborhood Commercial
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-03402-0000-00010-01 | Improvements Assessment | $693,600 |
| Land Assessment | $250,400 | Total Assessment | $944,000 |
Property Taxes
Parcel Number
13-03402-0000-00010-01
Land Assessment
$250,400
Improvements Assessment
$693,600
Total Assessment
$944,000
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119 Watchung Ave
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