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45 Park St
Montclair, NJ 07042
Office Property For Sale
Investment Highlights
- --Bright, open, renovated (2022), variety prof spaces on multiple lev n trendy biz/mixed-use zone. Current rent roll/cap rate are estimated.
- --Remarkable Downtown Montclair location nr NYC/Newark transportation, hip shops, world-class eateries, exercise, entertainments, childcare options.
- --Dedicated driveway & private, rear parking lot for 5-6 vehicles. Near multiple municipal garages & daytime street parking options.
- --Extra income-producing finished, bright Lower Level for inventory/storage w/extra adjoining office & direct door access from parking lot.
- --Income-producing 3rd-floor apt (@ current $2050 rent thru July 2023) with new kit & BA; has partial expansion option to 2nd fl w/municipal approval.
- --Full HVAC on all 4 levels; all new BA facilities, new 1st fl kitchenette, new flooring, new lighting; wall, ceiling updates throughout. Pristine!
Property Facts
Property Type
Office
Property Subtype
Building Size
3,800 SF
Building Class
C
Year Built
1892
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
950 SF
Slab To Slab
8’
Building FAR
0.67
Lot Size
0.13 AC
Zoning
OR3 - MIXED USE:Office, Varied Med/Wellness 1st Fl OK; Law, Expand 3rd Fl Apt to 2nd w/muni approval. Variable sq ft over 4 fls-ck fl plan. Great storage.
Parking
6 Spaces (1.58 Spaces per 1,000 SF Leased)
Amenities
- Kitchen
- Accent Lighting
- Reception
- Basement
- Central Heating
- Common Parts WC Facilities
- High Ceilings
- Natural Light
- Recessed Lighting
- Wi-Fi
- Air Conditioning
Property Taxes
| Parcel Number | 13-02309-0000-00001 | Improvements Assessment | $434,200 |
| Land Assessment | $265,800 | Total Assessment | $700,000 |
Property Taxes
Parcel Number
13-02309-0000-00001
Land Assessment
$265,800
Improvements Assessment
$434,200
Total Assessment
$700,000
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