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171 Maplewood Ave
Maplewood, NJ 07040
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Fully leased mixed-use corner property in the heart of Maplewood Village
- Located in the heart of Maplewood Village, a highly walkable and affluent downtown with strong foot traffic, retail demand, and NJ Transit access
- High-visibility retail with strong foot traffic and long-term residential tenants above
EXECUTIVE SUMMARY
171 Maplewood Avenue | Maplewood, NJ
Prime Mixed-Use Investment in the Heart of Maplewood Village
Welcome to 171 Maplewood Avenue, a rarely available mixed-use gem in one of New Jersey’s most desirable downtowns. Situated at the high-visibility corner of Maplewood Avenue and Highland Avenue, this well-maintained corner property offers a strong blend of stability, upside potential, and location.
This fully leased building features:
• One ground-floor retail unit with excellent frontage and signage opportunity
• Tenant in Year 2 of 5-Year Lease (with one 5-Year Option)
Three residential apartments above
• Two 1BR/1BA units
• One spacious 3BR/2BA unit
• All units occupied by long-term tenants
Additional highlights include:
• Private rear access and basement storage
• Excellent foot traffic and exposure next to popular businesses
• On-street and nearby municipal parking
• Zoned in an area open to vertical expansion (potential to add an additional floor – subject to approvals)
• Located in the affluent, walkable Maplewood Village, this is a thriving live-work-play environment that attracts steady foot traffic from both locals and visitors. Tenants and shoppers alike enjoy the rich mix of independent boutiques, cafes, and commuter access via NJ Transit.
This is an ideal opportunity for investors seeking stabilized income with future upside, or owner-users who want to secure their space for future occupancy when a residential lease expires.
Prime Mixed-Use Investment in the Heart of Maplewood Village
Welcome to 171 Maplewood Avenue, a rarely available mixed-use gem in one of New Jersey’s most desirable downtowns. Situated at the high-visibility corner of Maplewood Avenue and Highland Avenue, this well-maintained corner property offers a strong blend of stability, upside potential, and location.
This fully leased building features:
• One ground-floor retail unit with excellent frontage and signage opportunity
• Tenant in Year 2 of 5-Year Lease (with one 5-Year Option)
Three residential apartments above
• Two 1BR/1BA units
• One spacious 3BR/2BA unit
• All units occupied by long-term tenants
Additional highlights include:
• Private rear access and basement storage
• Excellent foot traffic and exposure next to popular businesses
• On-street and nearby municipal parking
• Zoned in an area open to vertical expansion (potential to add an additional floor – subject to approvals)
• Located in the affluent, walkable Maplewood Village, this is a thriving live-work-play environment that attracts steady foot traffic from both locals and visitors. Tenants and shoppers alike enjoy the rich mix of independent boutiques, cafes, and commuter access via NJ Transit.
This is an ideal opportunity for investors seeking stabilized income with future upside, or owner-users who want to secure their space for future occupancy when a residential lease expires.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,736 SF
Building Class
B
Year Built
1921
Price
$2,250,000
Price Per SF
$475.08
Cap Rate
6.33%
NOI
$142,425
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.72
Lot Size
0.04 AC
Zoning
RB - Retail Business
Frontage
AMENITIES
- Corner Lot
- Signage
- Tenant Controlled HVAC
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 11-00012-04-00191-02 | Improvements Assessment | $933,200 |
| Land Assessment | $250,000 | Total Assessment | $1,183,200 |
PROPERTY TAXES
Parcel Number
11-00012-04-00191-02
Land Assessment
$250,000
Improvements Assessment
$933,200
Total Assessment
$1,183,200
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